Kotak Mahindra Bank Credit Underwriter Salaries by 30+ Employees (Updated 2024)

0 - 7 years exp.

₹1.8 Lakh - ₹8.5 Lakhs

Salary of majority employees

16% less than the average Credit Underwriter Salary in Banking Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Underwriter Salary 1 - 7 years exp. (10 salaries)	₹1.8 L/yr - ₹5.5 L/yr
Finance & Accounting Credit Underwriter Salary 0 - 3 years exp. (4 salaries)	₹2.3 L/yr - ₹4.4 L/yr
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Customer Success, Service & Operations Credit Underwriter Salary 1 - 6 years exp. (3 salaries)	₹2.5 L/yr - ₹4.5 L/yr
Risk Management & Compliance Credit Underwriter Salary 3 - 5 years exp. (3 salaries)	₹2.3 L/yr - ₹3.9 L/yr

Last Updated: 14 Nov 2024

Companies similar to Kotak Mahindra Bank for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Underwriter Salary 0 - 9 years exp. (146 salaries)	₹2 L/yr - ₹11.1 L/yr 70% more
ICICI Bank Credit Underwriter Salary 0 - 6 years exp. (24 salaries)	₹1.2 L/yr - ₹9.1 L/yr 25% more
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Axis Bank Credit Underwriter Salary 1 - 10 years exp. (53 salaries)	₹2.6 L/yr - ₹7 L/yr 21% more	1 job opening
IndusInd Bank Credit Underwriter Salary 0 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.7 L/yr 17% less
Yes Bank Credit Underwriter Salary 0 - 5 years exp. (10 salaries)	₹2 L/yr - ₹5.5 L/yr 18% less
Federal Bank Credit Underwriter Salary 2 - 6 years exp. (5 salaries)	₹3.5 L/yr - ₹20 L/yr 180% more
IDFC FIRST Bank Credit Underwriter Salary 1 - 6 years exp. (13 salaries)	₹3.7 L/yr - ₹9.8 L/yr 72% more
RBL Bank Credit Underwriter Salary 1 - 7 years exp. (10 salaries)	₹2.2 L/yr - ₹11.5 L/yr 75% more
Bandhan Bank Credit Underwriter Salary 0 - 6 years exp. (43 salaries)	₹2.8 L/yr - ₹8.5 L/yr 13% more
Jana Small Finance Bank Credit Underwriter Salary 1 - 8 years exp. (218 salaries)	₹1.5 L/yr - ₹4.8 L/yr 12% less
Standard Chartered Credit Underwriter Salary 1 - 5 years exp. (6 salaries)	₹3.3 L/yr - ₹4.3 L/yr 9% less
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Ujjivan Small Finance Bank Credit Underwriter Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹5.2 L/yr 7% less
IDBI Bank Credit Underwriter Salary 5 - 13 years exp. (3 salaries)	₹7.5 L/yr - ₹20 L/yr 264% more

Credit Underwriter salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹8.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 32 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Underwriter salaries

Last Updated: 14 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹6.1 L/yr
1 year (9 salaries)	₹1.8 L/yr - ₹3.8 L/yr
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2 years (4 salaries)	₹2.3 L/yr - ₹4.8 L/yr
3 years (6 salaries)	₹2.2 L/yr - ₹4.5 L/yr
4 years (5 salaries)	₹3.2 L/yr - ₹8.4 L/yr
5 years (4 salaries)	₹3.5 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.1 L/yr
7 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.5 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Credit Officer Salary

(106 salaries)

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Credit Executive Salary

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₹1.8 L/yr - ₹3.3 L/yr

Credit Analyst Salary

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Credit Manager Salary

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₹4 L/yr - ₹15.2 L/yr

Area Credit Manager Salary

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₹6.5 L/yr - ₹24 L/yr

Branch Manager Salary

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₹6.62 L/yr - ₹25.56 L/yr

Senior Associate Salary

(115 salaries)

₹1.4 L/yr - ₹4.5 L/yr

Sales Officer Salary

(337 salaries)

₹1.4 L/yr - ₹4.33 L/yr

Deputy Manager Salary

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₹1.65 L/yr - ₹8 L/yr

Chief Manager Salary

(1k salaries)

₹8 L/yr - ₹28 L/yr

Top skills at Kotak Mahindra Bank for Credit Underwriter

Credit Cards Credit Underwriting Banking Credit Analysis Underwriting

Salary related reviews for Kotak Mahindra Bank

4.4

Rated by 3 employees for salary & benefits

Associate Vice President in Nashik

Full Time

Sales & Business Development Department

5.0

• posted on 22 Nov 2024

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank is such wonderful Bank to work. Bank having very good peocess and system.

Dislikes

...nd so many people act like they are running bank business like proprietary firm. Need to be appreciated the true hard working employee with salary increments as well.

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

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.

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

2 participants . expiring in 2w

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Kotak Mahindra Bank Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at Kotak Mahindra Bank?

Credit Underwriter salary at Kotak Mahindra Bank in India ranges between ₹1.8 Lakhs to ₹8.5 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 16% less than the average Credit Underwriter Salary in India. Salary estimates are based on 32 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Credit Underwriter at Kotak Mahindra Bank is 16% less than the average salary of a Credit Underwriter in India. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Underwriter at Kotak Mahindra Bank?

Credit Cards, Credit Underwriting, Banking, Credit Analysis and Underwriting are some of the popular skills required to work as a Credit Underwriter at Kotak Mahindra Bank India.

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

IDBI Bank Credit Underwriter Salary - ₹7.5 Lakhs to ₹20.0 Lakhs per year
Federal Bank Credit Underwriter Salary - ₹3.5 Lakhs to ₹20.0 Lakhs per year
RBL Bank Credit Underwriter Salary - ₹2.2 Lakhs to ₹11.5 Lakhs per year
IDFC FIRST Bank Credit Underwriter Salary - ₹3.7 Lakhs to ₹9.8 Lakhs per year
HDFC Bank Credit Underwriter Salary - ₹2.0 Lakhs to ₹11.1 Lakhs per year

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

ICICI Bank Credit Underwriter Salary - ₹1.2 Lakhs to ₹9.1 Lakhs per year
Axis Bank Credit Underwriter Salary - ₹2.6 Lakhs to ₹7.0 Lakhs per year
Bandhan Bank Credit Underwriter Salary - ₹2.8 Lakhs to ₹8.5 Lakhs per year
Ujjivan Small Finance Bank Credit Underwriter Salary - ₹2.5 Lakhs to ₹5.2 Lakhs per year
Standard Chartered Credit Underwriter Salary - ₹3.3 Lakhs to ₹4.3 Lakhs per year

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

The estimated take-home salary of a Credit Underwriter at Kotak Mahindra Bank ranges between ₹29,806 per month to ₹31,123 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Underwriter salary in India which ranges between ₹1.8 Lakhs to ₹8.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 60% of the Kotak Mahindra Bank Credit Underwriters reported a notice period of 3 Months, 30% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 20 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Credit Underwriter Salaries

Kotak Mahindra Bank Credit Underwriter salary in India ranges between ₹1.8 Lakh to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 32 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.