Kotak Mahindra Bank Credit Risk Manager Salaries by 20+ Employees (Updated 2025)

1 - 8 years exp.

₹5.2 Lakhs - ₹14 Lakhs

Salary of majority employees

33% less than the average Credit Risk Manager Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting Credit Risk Manager Salary 3 - 8 years exp. (9 salaries)	₹5.4 L/yr - ₹11.5 L/yr
BFSI, Investments & Trading Credit Risk Manager Salary 2 - 5 years exp. (4 salaries)	₹6.3 L/yr - ₹10.8 L/yr
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Risk Management & Compliance Credit Risk Manager Salary 3 - 4 years exp. (3 salaries)	₹5.2 L/yr - ₹14 L/yr
Product Management Credit Risk Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.5 L/yr

Last Updated: 15 Dec 2024

Companies similar to Kotak Mahindra Bank for Credit Risk Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Risk Manager Salary 1 - 8 years exp. (91 salaries)	₹5.5 L/yr - ₹21.7 L/yr 35% more
ICICI Bank Credit Risk Manager Salary 0 - 5 years exp. (81 salaries)	₹7.5 L/yr - ₹24.9 L/yr 66% more
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Axis Bank Credit Risk Manager Salary 3 - 11 years exp. (14 salaries)	₹8 L/yr - ₹21 L/yr 40% more
State Bank of India Credit Risk Manager Salary 9 - 10 years exp. (3 salaries)	₹14 L/yr - ₹20 L/yr 76% more
IndusInd Bank Credit Risk Manager Salary 3 - 7 years exp. (5 salaries)	₹9.5 L/yr - ₹20.5 L/yr 54% more
Yes Bank Credit Risk Manager Salary 1 - 11 years exp. (102 salaries)	₹4.5 L/yr - ₹15.4 L/yr 2% less
IDFC FIRST Bank Credit Risk Manager Salary 1 - 5 years exp. (9 salaries)	₹6.2 L/yr - ₹25 L/yr 59% more
RBL Bank Credit Risk Manager Salary 1 - 5 years exp. (10 salaries)	₹3.7 L/yr - ₹12.6 L/yr 18% less
Bandhan Bank Credit Risk Manager Salary 0 - 3 years exp. (4 salaries)	₹12 L/yr - ₹12.3 L/yr 30% more
Jana Small Finance Bank Credit Risk Manager Salary 3 - 11 years exp. (8 salaries)	₹5.6 L/yr - ₹19.9 L/yr 37% more
Karur Vysya Bank Credit Risk Manager Salary 1 - 8 years exp. (7 salaries)	₹7.8 L/yr - ₹13.5 L/yr 10% more
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IDBI Bank Credit Risk Manager Salary 5 - 16 years exp. (5 salaries)	₹18.2 L/yr - ₹25 L/yr 135% more
South Indian Bank Credit Risk Manager Salary 10 - 12 years exp. (5 salaries)	₹18 L/yr - ₹22 L/yr 111% more
Central Bank of India Credit Risk Manager Salary 0 - 4 years exp. (4 salaries)	₹11.5 L/yr - ₹18.5 L/yr 75% more
Bank of Baroda Credit Risk Manager Salary 2 - 9 years exp. (4 salaries)	₹6.3 L/yr - ₹14 L/yr 6% more
Ujjivan Small Finance Bank Credit Risk Manager Salary 5 - 12 years exp. (4 salaries)	₹12 L/yr - ₹17.5 L/yr 52% more
Utkarsh Small Finance Bank Credit Risk Manager Salary 2 - 8 years exp. (4 salaries)	₹4.3 L/yr - ₹7.1 L/yr 42% less
UCO Bank Credit Risk Manager Salary 4 - 11 years exp. (4 salaries)	₹6.4 L/yr - ₹18.4 L/yr 7% more
City Union Bank Credit Risk Manager Salary 1 - 12 years exp. (3 salaries)	₹4 L/yr - ₹14 L/yr 21% less

Credit Risk Manager salary at Kotak Mahindra Bank ranges between ₹5.2 Lakhs to ₹14 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Risk Manager salaries

Last Updated: 15 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7 L/yr - ₹16.6 L/yr
2 years (4 salaries)	₹5.5 L/yr - ₹16.6 L/yr
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3 years (4 salaries)	₹5.2 L/yr - ₹9.4 L/yr
4 years (3 salaries)	₹7.5 L/yr - ₹14 L/yr
5 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹16.7 L/yr
6 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹16.8 L/yr
7 years (3 salaries)	₹6.2 L/yr - ₹11.5 L/yr
8 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹16.8 L/yr

View all

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Salary related reviews for Kotak Mahindra Bank

2.5

Rated by 5 employees for salary & benefits

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

Deputy Manager in Kolkata

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.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Credit Risk Manager Salary FAQs

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

Credit Risk Manager salary at Kotak Mahindra Bank in India ranges between ₹5.2 Lakhs to ₹14.0 Lakhs for experience between 1 years to 8 years. According to our estimates it is 33% less than the average Credit Risk Manager Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Credit Risk Manager at Kotak Mahindra Bank is 33% less than the average salary of a Credit Risk Manager in India. To know exact salary insights, login to view.

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

IDBI Bank Credit Risk Manager Salary - ₹18.2 Lakhs to ₹25.0 Lakhs per year
South Indian Bank Credit Risk Manager Salary - ₹18.0 Lakhs to ₹22.0 Lakhs per year
State Bank of India Credit Risk Manager Salary - ₹14.0 Lakhs to ₹20.0 Lakhs per year
Central Bank of India Credit Risk Manager Salary - ₹11.5 Lakhs to ₹18.5 Lakhs per year
ICICI Bank Credit Risk Manager Salary - ₹7.5 Lakhs to ₹24.9 Lakhs per year

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

IDFC FIRST Bank Credit Risk Manager Salary - ₹6.2 Lakhs to ₹25.0 Lakhs per year
IndusInd Bank Credit Risk Manager Salary - ₹9.5 Lakhs to ₹20.5 Lakhs per year
Ujjivan Small Finance Bank Credit Risk Manager Salary - ₹12.0 Lakhs to ₹17.5 Lakhs per year
Axis Bank Credit Risk Manager Salary - ₹8.0 Lakhs to ₹21.0 Lakhs per year
Jana Small Finance Bank Credit Risk Manager Salary - ₹5.6 Lakhs to ₹19.9 Lakhs per year

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

The estimated take-home salary of a Credit Risk Manager at Kotak Mahindra Bank ranges between ₹67,534 per month to ₹69,264 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Risk Manager salary in India which ranges between ₹5.2 Lakhs to ₹14.0 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Credit Risk Manager at Kotak Mahindra Bank?

According to AmbitionBox, 70% of the Kotak Mahindra Bank Credit Risk Managers 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 10 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Credit Risk Manager Salaries

Kotak Mahindra Bank Credit Risk Manager salary in India ranges between ₹5.2 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.