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Kotak Mahindra Bank Credit Analyst salaries in Mumbai (Updated 2025)

Annual salary range
1 - 8 years exp.
₹4.8 Lakhs - ₹19.5 Lakhs
Salary of majority employees
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13% more than the average Credit Analyst Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Credit Analyst Salary
1 - 7 years exp. (30 salaries)
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₹5.6 L/yr - ₹22 L/yr

Finance & Accounting
Credit Analyst Salary
1 - 7 years exp. (14 salaries)
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₹3.6 L/yr - ₹14.5 L/yr

Risk Management & Compliance
Credit Analyst Salary
1 - 5 years exp. (6 salaries)
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₹5 L/yr - ₹15 L/yr

Last Updated: 17 Mar 2025

Companies similar to Kotak Mahindra Bank for Credit Analyst in Mumbai

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Kotak Mahindra Bank Credit Analyst Salary

1 - 8 years exp. (61 salaries)

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₹4.8 L/yr - ₹19.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Axis Bank Credit Analyst Salary

0 - 8 years exp. (116 salaries)

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₹5.3 L/yr - ₹20.2 L/yr

arrow icon 5% more
1 job opening
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ICICI Bank Credit Analyst Salary

0 - 6 years exp. (107 salaries)

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₹5.2 L/yr - ₹20 L/yr

arrow icon 1% more
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IndusInd Bank Credit Analyst Salary

0 - 10 years exp. (59 salaries)

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₹4.2 L/yr - ₹18 L/yr

arrow icon 9% less
11 job openings
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HDFC Bank Credit Analyst Salary

0 - 7 years exp. (30 salaries)

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₹6.9 L/yr - ₹18.3 L/yr

arrow icon 4% more
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IDFC FIRST Bank Credit Analyst Salary

0 - 4 years exp. (29 salaries)

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₹3.9 L/yr - ₹14 L/yr

arrow icon 18% less
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Yes Bank Credit Analyst Salary

1 - 6 years exp. (21 salaries)

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₹2 L/yr - ₹11.3 L/yr

arrow icon 41% less
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Federal Bank Credit Analyst Salary

1 - 8 years exp. (17 salaries)

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₹9 L/yr - ₹19 L/yr

arrow icon 28% more
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Bank of Baroda Credit Analyst Salary

0 - 9 years exp. (15 salaries)

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₹12 L/yr - ₹22.5 L/yr

arrow icon 30% more
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South Indian Bank Credit Analyst Salary

5 - 9 years exp. (11 salaries)

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₹10.5 L/yr - ₹18.5 L/yr

arrow icon 24% more
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IDBI Bank Credit Analyst Salary

6 - 16 years exp. (10 salaries)

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₹17.3 L/yr - ₹28 L/yr

arrow icon 83% more
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₹4.5 L/yr - ₹17.3 L/yr

arrow icon 10% less
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Karur Vysya Bank Credit Analyst Salary

1 - 9 years exp. (7 salaries)

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₹6 L/yr - ₹18 L/yr

arrow icon 8% less
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RBL Bank Credit Analyst Salary

1 - 4 years exp. (6 salaries)

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₹4.3 L/yr - ₹14.8 L/yr

arrow icon 7% less
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Shinhan Bank Credit Analyst Salary

1 - 7 years exp. (5 salaries)

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₹5 L/yr - ₹12.5 L/yr

arrow icon 21% less
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Canara Bank Credit Analyst Salary

9 - 10 years exp. (3 salaries)

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₹13 L/yr - ₹19.4 L/yr

arrow icon 51% more
Credit Analyst salary at Kotak Mahindra Bank ranges between ₹4.8 Lakhs to ₹19.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 61 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Credit Analyst in Mumbai

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Experience wise Kotak Mahindra Bank Credit Analyst salaries in Mumbai

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
1 year  (5 salaries)

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₹3.4 L/yr - ₹13 L/yr
2 years  (13 salaries)

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₹3.8 L/yr - ₹16 L/yr
3 years  (17 salaries)

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₹5.7 L/yr - ₹17.5 L/yr
4 years  (11 salaries)

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₹8 L/yr - ₹16 L/yr
5 years  (7 salaries)

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₹4.6 L/yr - ₹18.5 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary
(3.4k salaries)
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₹1.65 L/yr - ₹8.2 L/yr
Credit Manager Salary
(234 salaries)
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₹3.75 L/yr - ₹13 L/yr
Business Analyst Salary
(150 salaries)
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₹9.99 L/yr - ₹18.5 L/yr
Team Lead Salary
(82 salaries)
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₹1.8 L/yr - ₹6.97 L/yr
Accountant Salary
(17 salaries)
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₹2 L/yr - ₹3.5 L/yr
Analyst Salary
(11 salaries)
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₹4.28 L/yr - ₹13 L/yr
Senior Analyst Salary
(5 salaries)
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₹11.5 L/yr - ₹17.9 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

4.1

Rated by 6 employees for salary & benefits

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.

read more
  • 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.

read more
  • Salary - Poor

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.

read more
  • Salary - Bad

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

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.

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  • Work satisfaction - Bad
  • +2 more

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
see more salary related reviews

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Kotak Mahindra Bank Credit Analyst Salary FAQs

What is the salary of Credit Analyst at Kotak Mahindra Bank in Mumbai?
The average salary of a Credit Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹4.8 Lakhs to ₹19.5 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Credit Analyst in Mumbai at Kotak Mahindra Bank earn more than ₹16.4 Lakhs per year, and the top 1% earn over ₹21.6 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 60+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Credit Analyst at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Credit Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹79,157 to ₹81,216 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹19.5 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 60+ 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 Mumbai?
To be a Credit Analyst at Kotak Mahindra Bank in Mumbai, 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?
IDBI Bank ₹17.3 Lakhs to ₹28.0 Lakhs per year
Canara Bank ₹13.0 Lakhs to ₹19.4 Lakhs per year
Bank of Baroda ₹12.0 Lakhs to ₹22.5 Lakhs per year
Federal Bank ₹9.0 Lakhs to ₹19.0 Lakhs per year
South Indian Bank ₹10.5 Lakhs to ₹18.5 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 Mumbai?
The salary of a Credit Analyst at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank ₹5.3 Lakhs to ₹20.2 Lakhs per year
HDFC Bank ₹6.9 Lakhs to ₹18.3 Lakhs per year
ICICI Bank ₹5.2 Lakhs to ₹20.0 Lakhs per year
RBL Bank ₹4.3 Lakhs to ₹14.8 Lakhs per year
Karur Vysya Bank ₹6.0 Lakhs to ₹18.0 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 Mumbai?
The salary growth for a Credit Analyst at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Analyst in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
1 year ₹3.4 Lakhs to ₹13.0 Lakhs per year
2 years ₹3.8 Lakhs to ₹16.0 Lakhs per year
3 years ₹5.7 Lakhs to ₹17.5 Lakhs per year
4 years ₹8.0 Lakhs to ₹16.0 Lakhs per year
and so on.

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Kotak Mahindra Bank Credit Analyst salary in Mumbai ranges between ₹4.8 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 61 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.