Kotak Mahindra Bank Mumbai Credit Manager Salaries by 200+ Employees (Updated 2025)

0 - 11 years exp.

₹3.7 Lakhs - ₹13 Lakhs

Salary of majority employees

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At par with 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. (100 salaries)	Unlock ₹3.3 L/yr - ₹13 L/yr
Finance & Accounting Credit Manager Salary 0 - 10 years exp. (75 salaries)	Unlock ₹3.7 L/yr - ₹13 L/yr
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Risk Management & Compliance Credit Manager Salary 1 - 9 years exp. (10 salaries)	Unlock ₹3.7 L/yr - ₹8.5 L/yr

Last Updated: 5 Mar 2025

Companies similar to Kotak Mahindra Bank for Credit Manager in Mumbai

Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (237 salaries)

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₹3.7 L/yr - ₹13 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (451 salaries)	Unlock ₹4 L/yr - ₹15 L/yr 12% more	3 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (560 salaries)	Unlock ₹4 L/yr - ₹17.4 L/yr 20% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (148 salaries)	Unlock ₹4 L/yr - ₹15.3 L/yr 12% more
State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	Unlock ₹12 L/yr - ₹27 L/yr 131% more
Standard Chartered Credit Manager Salary 5 - 12 years exp. (5 salaries)	Unlock ₹11 L/yr - ₹15.4 L/yr 64% more
Yes Bank Credit Manager Salary 0 - 10 years exp. (75 salaries)	Unlock ₹4.6 L/yr - ₹14 L/yr 2% more	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (35 salaries)	Unlock ₹3.6 L/yr - ₹11 L/yr 11% less	1 job opening
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (209 salaries)	Unlock ₹4.3 L/yr - ₹14.9 L/yr At par
RBL Bank Credit Manager Salary 2 - 11 years exp. (27 salaries)	Unlock ₹3 L/yr - ₹11.7 L/yr 17% less
Federal Bank Credit Manager Salary 2 - 12 years exp. (33 salaries)	Unlock ₹11 L/yr - ₹20 L/yr 90% more
Bank of Baroda Credit Manager Salary 4 - 12 years exp. (26 salaries)	Unlock ₹8 L/yr - ₹19 L/yr 108% more
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IDBI Bank Credit Manager Salary 2 - 17 years exp. (13 salaries)	Unlock ₹12 L/yr - ₹28.9 L/yr 135% more
Utkarsh Small Finance Bank Credit Manager Salary 3 - 9 years exp. (12 salaries)	Unlock ₹3.9 L/yr - ₹7.6 L/yr 33% less	2 job openings
Jana Small Finance Bank Credit Manager Salary 2 - 10 years exp. (9 salaries)	Unlock ₹2.4 L/yr - ₹9 L/yr 27% less
Karur Vysya Bank Credit Manager Salary 4 - 11 years exp. (9 salaries)	Unlock ₹7 L/yr - ₹16 L/yr 26% more
The Saraswat Co-operative Bank Credit Manager Salary 1 - 12 years exp. (7 salaries)	Unlock ₹7 L/yr - ₹11.5 L/yr 10% more
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	Unlock ₹11.4 L/yr - ₹16 L/yr 69% more
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	Unlock ₹13 L/yr - ₹19.4 L/yr 126% more
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	Unlock ₹10 L/yr - ₹19 L/yr 89% more
Shinhan Bank Credit Manager Salary 6 - 11 years exp. (4 salaries)	Unlock ₹8.5 L/yr - ₹12 L/yr 21% more

Credit Manager salary at Kotak Mahindra Bank ranges between ₹3.7 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 237 latest salaries received from various employees of Kotak Mahindra Bank.

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

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6 years exp.

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5 years exp.

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8 years exp.

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2 years exp.

2w ago

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6 years exp.

3w ago

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6 years exp.

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5 years exp.

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4 years exp.

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6 years exp.

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4 years exp.

Experience wise Kotak Mahindra Bank Credit Manager salaries in Mumbai

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
Fresher (11 salaries)	Unlock ₹4 L/yr - ₹10 L/yr
1 year (25 salaries)	Unlock ₹3.5 L/yr - ₹12 L/yr
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2 years (33 salaries)	Unlock ₹3.8 L/yr - ₹12 L/yr
3 years (43 salaries)	Unlock ₹3.6 L/yr - ₹13 L/yr
4 years (40 salaries)	Unlock ₹3.6 L/yr - ₹12.3 L/yr
5 years (27 salaries)	Unlock ₹3.8 L/yr - ₹13 L/yr
6 years (26 salaries)	Unlock ₹3.8 L/yr - ₹13 L/yr
7 years (12 salaries)	Unlock ₹4 L/yr - ₹10.7 L/yr
8 years (9 salaries)	Unlock ₹4.2 L/yr - ₹11 L/yr
9 years (4 salaries)	Unlock ₹5.8 L/yr - ₹12 L/yr
10 years (5 salaries)	Unlock ₹4.6 L/yr - ₹9 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹7.6 L/yr - ₹9 L/yr

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From

Credit Manager

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0 - 11 years exp.

Location Credit Manager

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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

(3.4k salaries)

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₹1.65 L/yr - ₹8.2 L/yr

Chief Manager Salary

(396 salaries)

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₹8.95 L/yr - ₹28.8 L/yr

Branch Manager Salary

(136 salaries)

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₹7.5 L/yr - ₹25.56 L/yr

Sales Manager Salary

(130 salaries)

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₹1.8 L/yr - ₹10.7 L/yr

Credit Analyst Salary

(60 salaries)

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₹5 L/yr - ₹19.55 L/yr

Credit Officer Salary

(16 salaries)

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₹1.5 L/yr - ₹2.85 L/yr

Area Credit Manager Salary

(14 salaries)

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₹7 L/yr - ₹18 L/yr

Deputy Credit Manager Salary

(7 salaries)

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₹4 L/yr - ₹6 L/yr

Branch Credit Manager Salary

(5 salaries)

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₹7 L/yr - ₹9.5 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

2.3

Rated by 20 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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Kotak Mahindra Bank Credit Manager Salary FAQs

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

Credit Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹3.7 Lakhs to ₹13.0 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 2% more than the average Credit Manager Salary in India. Salary estimates are based on 237 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Credit Manager at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Credit Manager at Kotak Mahindra Bank is 2% more than the average salary of a Credit Manager in Mumbai. 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 Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Credit Manager in Mumbai?

IDBI Bank Credit Manager Salary - ₹12.0 Lakhs to ₹28.9 Lakhs per year
State Bank of India Credit Manager Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹19.4 Lakhs per year
Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹19.0 Lakhs per year
Federal Bank Credit Manager Salary - ₹11.0 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to Kotak Mahindra Bank in Mumbai?

Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India Credit Manager Salary - ₹11.4 Lakhs to ₹16.0 Lakhs per year
Standard Chartered Credit Manager Salary - ₹11.0 Lakhs to ₹15.4 Lakhs per year
Karur Vysya Bank Credit Manager Salary - ₹7.0 Lakhs to ₹16.0 Lakhs per year
Shinhan Bank Credit Manager Salary - ₹8.5 Lakhs to ₹12.0 Lakhs per year

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

The estimated take-home salary of a Credit Manager at Kotak Mahindra Bank ranges between ₹60,796 per month to ₹62,335 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Manager salary in India which ranges between ₹3.7 Lakhs to ₹13.0 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 in Mumbai?

According to AmbitionBox, 72% of the Kotak Mahindra Bank Credit Managers in Mumbai reported a notice period of 3 Months, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 113 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Credit Manager Salaries in Mumbai

Kotak Mahindra Bank Credit Manager salary in Mumbai ranges between ₹3.7 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 237 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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

Companies similar to Kotak Mahindra Bank for Credit Manager in Mumbai

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

Experience wise Kotak Mahindra Bank Credit Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Credit Manager

Salary related reviews for Kotak Mahindra Bank

Credit Manager in Mumbai

Associate Vice President in Noida

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Kotak Mahindra Bank Credit Manager Salary FAQs

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