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Kotak Mahindra Bank

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3.7

based on 17.5k Reviews

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Kotak Mahindra Bank Collections Manager salaries in Mumbai Suburban

Annual salary range
3 - 4 years exp.
₹3.7 Lakhs - ₹7.7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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5% more than the average Collections Manager Salary in Banking Companies for 3 - 4 years of experience

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Last Updated: 6 May 2023

Companies similar to Kotak Mahindra Bank for Collections Manager in Mumbai Suburban

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Kotak Mahindra Bank Collections Manager Salary

3 - 4 years exp. (4 salaries)
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₹3.7 L/yr - ₹7.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Prime Collections Manager Salary

5 - 7 years exp. (3 salaries)
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₹3.5 L/yr - ₹5.4 L/yr

arrow icon 25% less
Collections Manager salary at Kotak Mahindra Bank ranges between ₹3.7 Lakhs to ₹7.7 Lakhs per year for employees with experience between 3 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Collections Manager in Mumbai Suburban

1y ago
₹6 Lakhs
4 years exp.
1y ago
₹3.7 Lakhs
3 years exp.
2y ago
₹4 Lakhs
4 years exp.

Experience wise Kotak Mahindra Bank Collections Manager salaries in Mumbai Suburban

Last Updated: 6 May 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
4 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.4 L/yr
Kotak Mahindra Bank Collections Manager Salary and Career Growth

From

To

Collections Manager

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3 - 14 years exp.

Area Collection Manager

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6 - 19 years exp.

From

To

Collections Manager

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3 - 14 years exp.

Head Location Recovery

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10 - 20 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Top skills at Kotak Mahindra Bank for Collections Manager

Collection Management Collections Recovery Collection Management Collections Recovery Sales Debt Management Recovery Management Debt Collection Banking Team Handling Legal Compliance Credit Cards Legal

Salary related reviews for Kotak Mahindra Bank

Collections Manager in Kolkata

BFSI, Investments & Trading Department

5.0
  •  posted on 22 Feb 2022
5.0
 for  Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisal are fair .

read more
  • Salary - Excellent
    • +6 more

Dislikes

Salary is decent but career growth is low.

Deputy Manager in Mumbai

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 11 Jun 2024
2.0
 for  Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

read more
  • Job security - Good
    • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
    • +1 more

Deputy Manager in Vadodara

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 18 May 2024
3.0
 for  Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

read more
  • Skill development - Good
    • +1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

read more
  • Work satisfaction - Bad
    • +2 more

Deputy Manager in Kolkata

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 10 Mar 2024
2.0
 for  Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

  • Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

read more
  • Salary - Poor
    • +4 more

Deputy Manager in Mumbai

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 30 Dec 2023
3.0
 for  Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

  • Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

read more
  • Skill development - Poor
    • +1 more
see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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a manager
5d
Ambiguity in JOB offer.
I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.
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Kotak Mahindra Bank Collections Manager Salary FAQs

What is the salary of Collections Manager at Kotak Mahindra Bank in Mumbai Suburban?
The average salary of a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban typically ranges from ₹3.7 Lakhs to ₹7.7 Lakhs per year, depending on experience (from 3 years to 4 years).

The top 10% of Collections Manager in Mumbai Suburban at Kotak Mahindra Bank earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Collections Manager Salaries at Kotak Mahindra Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban?
The estimated take-home salary of a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban typically ranges from ₹46,007 to ₹47,098 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹7.7 Lakhs per year for employees with experience ranging from 3 years to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban?
To be a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban, the key skills required include:

  • - Collection Management
  • - Collections
  • - Recovery
  • - Collection Management
  • - Collections

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.
What is the salary of a Collections Manager in companies similar to Kotak Mahindra Bank in Mumbai Suburban?
The salary of a Collections Manager at companies similar to Kotak Mahindra Bank in Mumbai Suburban varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Prime ₹3.5 Lakhs to ₹5.4 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban?
The salary growth for a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban depends on factors such as experience, performance, and promotions. On average, a Collections Manager in Mumbai Suburban can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
3 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
4 years ₹4.2 Lakhs to ₹5.4 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Collections Manager salary in Mumbai Suburban ranges between ₹3.7 Lakhs to ₹7.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.