Kotak Mahindra Bank Chennai Credit Manager Salaries by 30+ Employees

0 - 9 years exp.

₹4 Lakhs - ₹12.6 Lakhs

Salary of majority employees

11% more than the average Credit Manager Salary in Banking Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 2 - 9 years exp. (22 salaries)	₹4 L/yr - ₹12.5 L/yr
Finance & Accounting Credit Manager Salary 1 - 7 years exp. (4 salaries)	₹4.2 L/yr - ₹12.6 L/yr
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Risk Management & Compliance Credit Manager Salary 2 - 8 years exp. (3 salaries)	₹5.6 L/yr - ₹11 L/yr

Last Updated: 21 Nov 2024

Companies similar to Kotak Mahindra Bank for Credit Manager in Chennai

Kotak Mahindra Bank Credit Manager Salary

0 - 9 years exp. (37 salaries)

₹4 L/yr - ₹12.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Credit Manager Salary 0 - 11 years exp. (173 salaries)	₹3.8 L/yr - ₹15 L/yr 1% more
HDFC Bank Credit Manager Salary 0 - 12 years exp. (175 salaries)	₹3 L/yr - ₹13 L/yr 16% less	12 job openings
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Yes Bank Credit Manager Salary 1 - 11 years exp. (56 salaries)	₹3.6 L/yr - ₹11.1 L/yr 7% less	1 job opening
Axis Bank Credit Manager Salary 0 - 11 years exp. (46 salaries)	₹4 L/yr - ₹14 L/yr 3% less
IDFC FIRST Bank Credit Manager Salary 1 - 10 years exp. (32 salaries)	₹3.5 L/yr - ₹12 L/yr 16% less
IndusInd Bank Credit Manager Salary 3 - 12 years exp. (18 salaries)	₹3.5 L/yr - ₹13.6 L/yr 15% less	9 job openings
Jana Small Finance Bank Credit Manager Salary 4 - 11 years exp. (13 salaries)	₹3.5 L/yr - ₹6.6 L/yr 37% less
Federal Bank Credit Manager Salary 2 - 10 years exp. (11 salaries)	₹10 L/yr - ₹20 L/yr 64% more
Karur Vysya Bank Credit Manager Salary 4 - 12 years exp. (9 salaries)	₹6.3 L/yr - ₹13.9 L/yr 12% more
South Indian Bank Credit Manager Salary 5 - 8 years exp. (4 salaries)	₹9 L/yr - ₹13.9 L/yr 35% more
Bank of Baroda Credit Manager Salary 5 - 12 years exp. (4 salaries)	₹12 L/yr - ₹18.4 L/yr 84% more
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Ujjivan Small Finance Bank Credit Manager Salary 0 - 7 years exp. (3 salaries)	₹4.2 L/yr - ₹5.9 L/yr 41% less

Credit Manager salary at Kotak Mahindra Bank ranges between ₹4 Lakhs to ₹12.6 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 37 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Manager salaries in Chennai

Last Updated: 21 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
1 year (3 salaries)	₹4.2 L/yr - ₹16.8 L/yr
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2 years (4 salaries)	₹4 L/yr - ₹11 L/yr
3 years (3 salaries)	₹5.1 L/yr - ₹16.7 L/yr
4 years (7 salaries)	₹4 L/yr - ₹10 L/yr
5 years (5 salaries)	₹7 L/yr - ₹12.6 L/yr
6 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
7 years (4 salaries)	₹9.2 L/yr - ₹12.5 L/yr
8 years (6 salaries)	₹5.8 L/yr - ₹11 L/yr
9 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.5 L/yr

View all

From

Credit Manager

0 - 10 years exp.

Location Credit Manager

5 - 12 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.

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(661 salaries)

₹1.8 L/yr - ₹8 L/yr

Sales Manager Salary

(67 salaries)

₹2 L/yr - ₹11.5 L/yr

Branch Manager Salary

(35 salaries)

₹9 L/yr - ₹20 L/yr

Chief Manager Salary

(24 salaries)

₹9.25 L/yr - ₹19 L/yr

Credit Analyst Salary

(5 salaries)

₹7.62 L/yr - ₹12.69 L/yr

Credit Officer Salary

(5 salaries)

₹1.8 L/yr - ₹3.9 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

3.0

Rated by 6 employees for salary & benefits

Credit Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 23 Sep 2023

1.0

for Salary and Benefits

Likes

Skill Development and Learning

Skill development - Good

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

Salary - Bad

+5 more

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

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Kotak Mahindra Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Kotak Mahindra Bank in Chennai?

The average salary of a Credit Manager at Kotak Mahindra Bank in Chennai typically ranges from ₹4.0 Lakhs to ₹12.6 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Credit Manager in Chennai at Kotak Mahindra Bank earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹12.6 Lakhs per year. Credit 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 30+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Credit Manager at Kotak Mahindra Bank in Chennai typically ranges from ₹67,194 to ₹68,915 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹12.6 Lakhs per year for employees with experience ranging from Fresher to 9 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 30+ 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 Manager at Kotak Mahindra Bank in Chennai?

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

- Credit Management
- Credit Underwriting
- Credit Analysis
- Chartered Accountant
- Credit

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 Manager in India?

Bank of Baroda	₹12.0 Lakhs to ₹18.4 Lakhs per year
Federal Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year
South Indian Bank	₹9.0 Lakhs to ₹13.9 Lakhs per year
Karur Vysya Bank	₹6.3 Lakhs to ₹13.9 Lakhs per year
ICICI Bank	₹3.8 Lakhs to ₹15.0 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 Manager in companies similar to Kotak Mahindra Bank in Chennai?

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

Axis Bank	₹4.0 Lakhs to ₹14.0 Lakhs per year
Yes Bank	₹3.6 Lakhs to ₹11.1 Lakhs per year
IndusInd Bank	₹3.5 Lakhs to ₹13.6 Lakhs per year
IDFC FIRST Bank	₹3.5 Lakhs to ₹12.0 Lakhs per year
HDFC Bank	₹3.0 Lakhs to ₹13.0 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 Manager at Kotak Mahindra Bank in Chennai?

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

Experience	Average Salary Range
Fresher	₹8.4 Lakhs to ₹10.7 Lakhs per year
1 year	₹4.2 Lakhs to ₹16.8 Lakhs per year
2 years	₹4.0 Lakhs to ₹11.0 Lakhs per year
3 years	₹5.1 Lakhs to ₹16.7 Lakhs per year

and so on.

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Kotak Mahindra Bank Credit Manager Salaries in Chennai

Kotak Mahindra Bank Credit Manager salary in Chennai ranges between ₹4 Lakhs to ₹12.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 37 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.