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Kotak Mahindra Bank Credit Manager salaries in India

Annual salary range
0 - 11 years exp.
₹4 Lakhs - ₹14.5 Lakhs
Salary of majority employees
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15% more than the average Credit Manager Salary in Banking Companies for 0 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Credit Manager Salary
0 - 11 years exp. (377 salaries)
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₹4 L/yr - ₹14.5 L/yr

Finance & Accounting
Credit Manager Salary
0 - 11 years exp. (375 salaries)
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₹4 L/yr - ₹14 L/yr

Risk Management & Compliance
Credit Manager Salary
0 - 11 years exp. (44 salaries)
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₹3.7 L/yr - ₹14.5 L/yr

Last Updated: 19 Jan 2025

Companies similar to Kotak Mahindra Bank for Credit Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Credit Manager Salary

0 - 12 years exp. (2.7k salaries)

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₹3.5 L/yr - ₹14 L/yr

arrow icon 5% less
2 job openings
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (3.1k salaries)

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₹4.2 L/yr - ₹15 L/yr

arrow icon 12% more
1 job opening
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Axis Bank Credit Manager Salary

0 - 12 years exp. (824 salaries)

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₹4 L/yr - ₹14.5 L/yr

arrow icon 3% less
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State Bank of India Credit Manager Salary

5 - 14 years exp. (43 salaries)

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₹10 L/yr - ₹32 L/yr

arrow icon 132% more
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Citibank Credit Manager Salary

6 - 14 years exp. (30 salaries)

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₹7.6 L/yr - ₹27.9 L/yr

arrow icon 94% more
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Standard Chartered Credit Manager Salary

4 - 12 years exp. (58 salaries)

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₹7.1 L/yr - ₹22 L/yr

arrow icon 52% more
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Yes Bank Credit Manager Salary

0 - 10 years exp. (433 salaries)

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₹4.3 L/yr - ₹14.2 L/yr

arrow icon 3% less
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IndusInd Bank Credit Manager Salary

3 - 12 years exp. (215 salaries)

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₹3.5 L/yr - ₹13 L/yr

arrow icon 14% less
6 job openings
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (934 salaries)

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₹3 L/yr - ₹13.5 L/yr

arrow icon 13% less
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RBL Bank Credit Manager Salary

1 - 10 years exp. (142 salaries)

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₹2.4 L/yr - ₹11 L/yr

arrow icon 30% less
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Bandhan Bank Credit Manager Salary

0 - 11 years exp. (432 salaries)

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₹2.5 L/yr - ₹10 L/yr

arrow icon 28% less
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Utkarsh Small Finance Bank Credit Manager Salary

1 - 10 years exp. (272 salaries)

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₹2 L/yr - ₹9.4 L/yr

arrow icon 44% less
3 job openings
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Jana Small Finance Bank Credit Manager Salary

2 - 12 years exp. (190 salaries)

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₹1.5 L/yr - ₹9.4 L/yr

arrow icon 35% less
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Bank of Baroda Credit Manager Salary

4 - 13 years exp. (172 salaries)

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₹8 L/yr - ₹22.8 L/yr

arrow icon 89% more
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Ujjivan Small Finance Bank Credit Manager Salary

0 - 11 years exp. (130 salaries)

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₹2.7 L/yr - ₹10.6 L/yr

arrow icon 37% less
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IDBI Bank Credit Manager Salary

0 - 17 years exp. (114 salaries)

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₹7.8 L/yr - ₹27 L/yr

arrow icon 102% more
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Federal Bank Credit Manager Salary

2 - 12 years exp. (89 salaries)

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₹9 L/yr - ₹20 L/yr

arrow icon 73% more
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Karur Vysya Bank Credit Manager Salary

1 - 12 years exp. (80 salaries)

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₹6 L/yr - ₹16 L/yr

arrow icon 19% more
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Union Bank of India Credit Manager Salary

6 - 11 years exp. (39 salaries)

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₹6.6 L/yr - ₹20 L/yr

arrow icon 71% more
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Canara Bank Credit Manager Salary

6 - 12 years exp. (34 salaries)

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₹11.1 L/yr - ₹25 L/yr

arrow icon 101% more
View all
Credit Manager salary at Kotak Mahindra Bank ranges between ₹4 Lakhs to ₹14.5 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 1k latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Credit Manager

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Experience wise Kotak Mahindra Bank Credit Manager salaries

Last Updated: 19 Jan 2025

Experience Avg Annual Salary
Fresher  (84 salaries)

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₹4 L/yr - ₹12 L/yr
1 year  (141 salaries)

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₹3.7 L/yr - ₹14 L/yr
2 years  (147 salaries)

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₹3.9 L/yr - ₹13 L/yr
3 years  (167 salaries)

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₹3.7 L/yr - ₹14 L/yr
4 years  (149 salaries)

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₹4.1 L/yr - ₹14.5 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Credit Officer Salary
(104 salaries)
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₹1.5 L/yr - ₹4.7 L/yr
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₹6.5 L/yr - ₹24 L/yr
Branch Manager Salary
(1k salaries)
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₹6.81 L/yr - ₹25.56 L/yr
Deputy Manager Salary
(11.3k salaries)
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₹1.65 L/yr - ₹8.4 L/yr
Chief Manager Salary
(971 salaries)
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₹7.5 L/yr - ₹31.15 L/yr
Credit Analyst Salary
(238 salaries)
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₹7.57 L/yr - ₹18 L/yr
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₹30.5 L/yr - ₹42.5 L/yr
Sales Manager Salary
(767 salaries)
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₹1.2 L/yr - ₹11 L/yr
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₹4.85 L/yr - ₹9.5 L/yr
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₹3.75 L/yr - ₹6 L/yr

Top skills at Kotak Mahindra Bank for Credit Manager

Credit Management Credit Underwriting Credit Analysis Chartered Accountant Credit Banking Ca Credit Appraisal Underwriting Working Capital Credit Risk Business Loan Construction Equipment Commercial Vehicle Credit Management

Salary related reviews for Kotak Mahindra Bank

3.1

Rated by 111 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 23 Sep 2023

1.0
 for  Salary and Benefits

Likes

Skill Development and Learning

Dislikes

No Work-Life balance,no Salary & Benefits,not happy with Promotions / Appraisal,no Work Satisfaction,I don't kwon Company Culture, but department culture is veridis happy

read more

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

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.

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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.

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Dislikes

Salary, promortion - these are the worst over here.

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

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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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.

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.

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Kotak Mahindra Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Kotak Mahindra Bank?
Credit Manager salary at Kotak Mahindra Bank in India ranges between ₹4.0 Lakhs to ₹14.5 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 15% more than the average Credit Manager Salary in India. Salary estimates are based on 1k latest salaries received from various employees of Kotak Mahindra Bank India.
How does the salary of a Credit Manager at Kotak Mahindra Bank India compare with the average salary range for this job?
The average salary of a Credit Manager at Kotak Mahindra Bank is 15% more than the average salary of a Credit Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Credit Manager at Kotak Mahindra Bank?
Credit Management, Credit Underwriting, Credit Analysis, Chartered Accountant and Credit are some of the popular skills required to work as a Credit Manager at Kotak Mahindra Bank India.
Which similar companies are paying more than Kotak Mahindra Bank to a Credit Manager in India?
  • State Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹32.0 Lakhs per year
  • IDBI Bank Credit Manager Salary - ₹7.8 Lakhs to ₹27.0 Lakhs per year
  • Canara Bank Credit Manager Salary - ₹11.1 Lakhs to ₹25.0 Lakhs per year
  • Citibank Credit Manager Salary - ₹7.6 Lakhs to ₹27.9 Lakhs per year
  • Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹22.8 Lakhs per year
What is the salary of a Credit Manager in companies similar to Kotak Mahindra Bank in India?
  • South Indian Bank Credit Manager Salary - ₹9.0 Lakhs to ₹21.0 Lakhs per year
  • Federal Bank Credit Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
  • Union Bank of India Credit Manager Salary - ₹6.6 Lakhs to ₹20.0 Lakhs per year
  • Central Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹17.0 Lakhs per year
  • Standard Chartered Credit Manager Salary - ₹7.1 Lakhs to ₹22.0 Lakhs per year
What is the estimated take home salary of a Credit Manager at Kotak Mahindra Bank in India?
The estimated take-home salary of a Credit Manager at Kotak Mahindra Bank ranges between ₹65,371 per month to ₹67,040 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Manager salary in India which ranges between ₹4.0 Lakhs to ₹14.5 Lakhs per year for employees with less than 1 year of experience to 11 years. Check how did we calculate take home salary?
What is the notice period for Credit Manager at Kotak Mahindra Bank?
According to AmbitionBox, 72% of the Kotak Mahindra Bank Credit Managers reported a notice period of 3 Months, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 684 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Credit Manager salary in India ranges between ₹4 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 1k Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.