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

Annual salary range
0 - 11 years exp.
₹3.8 Lakhs - ₹13 Lakhs
Salary of majority employees
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Fixed (100%)
₹9.1 Lakhs
Variable (0%)
₹0.0
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12% 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 - 10 years exp. (96 salaries)
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₹4 L/yr - ₹13 L/yr

Finance & Accounting
Credit Manager Salary
0 - 10 years exp. (74 salaries)
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₹4.7 L/yr - ₹13 L/yr

Risk Management & Compliance
Credit Manager Salary
1 - 9 years exp. (10 salaries)
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₹4.2 L/yr - ₹9.3 L/yr

Last Updated: 29 Mar 2025

Companies similar to Kotak Mahindra Bank for Credit Manager in Mumbai

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Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (234 salaries)

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₹3.8 L/yr - ₹13 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (557 salaries)

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₹4 L/yr - ₹17.4 L/yr

arrow icon 9% more
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HDFC Bank Credit Manager Salary

0 - 12 years exp. (449 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 3% more
12 job openings
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (211 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 14% less
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Axis Bank Credit Manager Salary

0 - 12 years exp. (150 salaries)

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₹3.7 L/yr - ₹15 L/yr

arrow icon 2% less
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Yes Bank Credit Manager Salary

1 - 12 years exp. (74 salaries)

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₹4.6 L/yr - ₹16.2 L/yr

arrow icon 1% less
1 job opening
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IndusInd Bank Credit Manager Salary

2 - 12 years exp. (36 salaries)

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₹3.6 L/yr - ₹13.9 L/yr

arrow icon 14% less
9 job openings
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Federal Bank Credit Manager Salary

2 - 12 years exp. (30 salaries)

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₹11 L/yr - ₹19 L/yr

arrow icon 74% more
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RBL Bank Credit Manager Salary

2 - 10 years exp. (25 salaries)

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₹3 L/yr - ₹11.7 L/yr

arrow icon 13% less
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Bank of Baroda Credit Manager Salary

4 - 12 years exp. (24 salaries)

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₹10 L/yr - ₹19 L/yr

arrow icon 85% more
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IDBI Bank Credit Manager Salary

3 - 17 years exp. (13 salaries)

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₹12 L/yr - ₹28.9 L/yr

arrow icon 126% more
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₹3.9 L/yr - ₹7.5 L/yr

arrow icon 46% less
2 job openings
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Karur Vysya Bank Credit Manager Salary

1 - 11 years exp. (10 salaries)

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₹7 L/yr - ₹16 L/yr

arrow icon 13% more
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Jana Small Finance Bank Credit Manager Salary

2 - 10 years exp. (9 salaries)

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₹2.4 L/yr - ₹9 L/yr

arrow icon 43% less
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₹7 L/yr - ₹11.5 L/yr

arrow icon 2% less
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Central Bank of India Credit Manager Salary

2 - 7 years exp. (5 salaries)

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₹11.4 L/yr - ₹16 L/yr

arrow icon 53% more
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Canara Bank Credit Manager Salary

7 - 12 years exp. (4 salaries)

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₹13 L/yr - ₹19.4 L/yr

arrow icon 107% more
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Union Bank of India Credit Manager Salary

6 - 11 years exp. (4 salaries)

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₹10 L/yr - ₹19 L/yr

arrow icon 65% more
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Shinhan Bank Credit Manager Salary

6 - 11 years exp. (4 salaries)

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₹8.5 L/yr - ₹12 L/yr

arrow icon 10% more
Credit Manager salary at Kotak Mahindra Bank ranges between ₹3.8 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 234 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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Experience wise Kotak Mahindra Bank Credit Manager salaries in Mumbai

Last Updated: 29 Mar 2025

Experience Avg Annual Salary
Fresher  (12 salaries)

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₹4 L/yr - ₹12 L/yr
1 year  (26 salaries)

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₹3.8 L/yr - ₹12 L/yr
2 years  (31 salaries)

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₹3.7 L/yr - ₹12 L/yr
3 years  (41 salaries)

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₹4.2 L/yr - ₹13 L/yr
4 years  (40 salaries)

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₹4.3 L/yr - ₹12.3 L/yr
View all
Kotak Mahindra Bank Credit Manager Salary and Career Growth

From

To

Credit Manager

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0 - 10 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
(395 salaries)
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₹7.5 L/yr - ₹27.5 L/yr
Branch Manager Salary
(137 salaries)
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₹7.5 L/yr - ₹25.56 L/yr
Sales Manager Salary
(132 salaries)
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₹1.8 L/yr - ₹10.7 L/yr
Credit Analyst Salary
(61 salaries)
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₹4.84 L/yr - ₹19.48 L/yr
Credit Officer Salary
(16 salaries)
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₹1.5 L/yr - ₹2.85 L/yr
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₹7 L/yr - ₹18 L/yr
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₹4 L/yr - ₹6 L/yr
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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

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

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Work satisfaction - Poor
  • +2 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

  • 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.

read more
  • Work satisfaction - Bad
  • +2 more
see more salary related reviews

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What people are saying about 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 Mumbai?
The average salary of a Credit Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹3.8 Lakhs to ₹13.0 Lakhs per year, depending on experience (from Fresher to 11 years).

The top 10% of Credit Manager in Mumbai at Kotak Mahindra Bank earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹13.0 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 200+ Kotak Mahindra Bank employees in India.
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 in Mumbai typically ranges from ₹66,260 to ₹67,954 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from Fresher to 11 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 200+ 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 Mumbai?
To be a Credit Manager at Kotak Mahindra Bank in Mumbai, 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?
IDBI Bank ₹12.0 Lakhs to ₹28.9 Lakhs per year
Canara Bank ₹13.0 Lakhs to ₹19.4 Lakhs per year
Bank of Baroda ₹10.0 Lakhs to ₹19.0 Lakhs per year
Federal Bank ₹11.0 Lakhs to ₹19.0 Lakhs per year
Union Bank of India ₹10.0 Lakhs to ₹19.0 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 Mumbai?
The salary of a Credit Manager at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Central Bank of India ₹11.4 Lakhs to ₹16.0 Lakhs per year
Karur Vysya Bank ₹7.0 Lakhs to ₹16.0 Lakhs per year
Shinhan Bank ₹8.5 Lakhs to ₹12.0 Lakhs per year
ICICI Bank ₹4.0 Lakhs to ₹17.4 Lakhs per year
HDFC Bank ₹4.0 Lakhs to ₹15.0 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 Mumbai?
The salary growth for a Credit Manager at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
Fresher ₹4.0 Lakhs to ₹12.0 Lakhs per year
1 year ₹3.8 Lakhs to ₹12.0 Lakhs per year
2 years ₹3.7 Lakhs to ₹12.0 Lakhs per year
3 years ₹4.2 Lakhs to ₹13.0 Lakhs per year
and so on.

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Kotak Mahindra Bank Credit Manager salary in Mumbai ranges between ₹3.8 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 234 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.