Kotak Mahindra Bank Indore Credit Analyst Salaries by 8 Employees (Updated 2025)

1 - 8 years exp.

₹7.3 Lakhs - ₹15 Lakhs

Salary of majority employees

At par with the average Credit Analyst Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting Credit Analyst Salary 4 - 8 years exp. (3 salaries)	₹4.9 L/yr - ₹12 L/yr
BFSI, Investments & Trading Credit Analyst Salary 1 year exp. (AmbitionBox Estimate)	₹10 L/yr - ₹14.1 L/yr
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Risk Management & Compliance Credit Analyst Salary 4 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹15 L/yr

Last Updated: 12 Feb 2025

Companies similar to Kotak Mahindra Bank for Credit Analyst in Indore

Kotak Mahindra Bank Credit Analyst Salary

1 - 8 years exp. (8 salaries)

₹7.3 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Credit Analyst Salary 0 - 7 years exp. (17 salaries)	₹5.6 L/yr - ₹17 L/yr 18% more	1 job opening
IndusInd Bank Credit Analyst Salary 1 - 6 years exp. (9 salaries)	₹8.8 L/yr - ₹12.5 L/yr At par	11 job openings
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Bandhan Bank Credit Analyst Salary 2 - 9 years exp. (3 salaries)	₹3.6 L/yr - ₹14.5 L/yr 8% less
Isomatrix Management Credit Analyst Salary 0 - 6 years exp. (5 salaries)	₹2.5 L/yr - ₹6 L/yr 61% less
Worth Corporate Solutions Credit Analyst Salary 0 - 4 years exp. (3 salaries)	₹2 L/yr - ₹2.2 L/yr 79% less

Credit Analyst salary at Kotak Mahindra Bank ranges between ₹7.3 Lakhs to ₹15 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Analyst salaries in Indore

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
2 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
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3 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
4 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.9 L/yr
5 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr
6 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
7 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
8 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(33 salaries)

₹8.75 L/yr - ₹20 L/yr

Credit Processing Associate Salary

(7 salaries)

₹2.05 L/yr - ₹3.9 L/yr

Top skills at Kotak Mahindra Bank for Credit Analyst

Credit Appraisal Credit Analysis Credit Underwriting Written Communication Presentation Skills Wholesale banking Action Plan mba Credit Appraisal Credit Underwriting Credit Risk Credit Analysis Credit Rating Ca Working Capital

Salary related reviews for Kotak Mahindra Bank

2.5

Rated by 5 employees for salary & benefits

Credit Analyst in Bangalore / Bengaluru

Wholesale Banking Department

4.0

• posted on 28 May 2022

2.0

for Salary and Benefits

Likes

In terms of other Indian Banks, Kotak is far better when it comes to Work Life Balance and Work Culture. People are much more professional here. You would love it if you become a part of the wholesale banking group.

Skill development - Good

+4 more

Dislikes

Pay is on the lower side with low hikes and bonuses. Even promotions are based on the biasness and not the skill of employees.

Salary - Poor

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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.

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.

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.

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.

Salary - Poor

+4 more

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Credit Analyst Salary FAQs

What is the salary of Credit Analyst at Kotak Mahindra Bank in Indore?

The average salary of a Credit Analyst at Kotak Mahindra Bank in Indore typically ranges from ₹7.3 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Credit Analyst in Indore at Kotak Mahindra Bank earn more than ₹14.1 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Credit Analyst 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 8 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Credit Analyst at Kotak Mahindra Bank in Indore?

The estimated take-home salary of a Credit Analyst at Kotak Mahindra Bank in Indore typically ranges from ₹71,331 to ₹73,168 per month. This is based on the average salary range of ₹7.3 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 8 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 Credit Analyst at Kotak Mahindra Bank in Indore?

To be a Credit Analyst at Kotak Mahindra Bank in Indore, the key skills required include:

- Credit Appraisal
- Credit Analysis
- Credit Underwriting
- Written Communication
- Presentation Skills

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra Bank for Credit Analyst in India?

Axis Bank

₹5.6 Lakhs to ₹17.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.

What is the salary of a Credit Analyst in companies similar to Kotak Mahindra Bank in Indore?

The salary of a Credit Analyst at companies similar to Kotak Mahindra Bank in Indore varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank	₹8.8 Lakhs to ₹12.5 Lakhs per year
Bandhan Bank	₹3.6 Lakhs to ₹14.5 Lakhs per year
Isomatrix Management	₹2.5 Lakhs to ₹6.0 Lakhs per year
Worth Corporate Solutions	₹2.0 Lakhs to ₹2.2 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 Credit Analyst at Kotak Mahindra Bank in Indore?

The salary growth for a Credit Analyst at Kotak Mahindra Bank in Indore depends on factors such as experience, performance, and promotions. On average, a Credit Analyst in Indore can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
1 year	₹6.6 Lakhs to ₹8.4 Lakhs per year
2 years	₹7.3 Lakhs to ₹9.3 Lakhs per year
3 years	₹7.9 Lakhs to ₹10.1 Lakhs per year
4 years	₹8.6 Lakhs to ₹10.9 Lakhs per year

and so on.

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Kotak Mahindra Bank Credit Analyst Salaries in Indore

Kotak Mahindra Bank Credit Analyst salary in Indore ranges between ₹7.3 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.