Kotak Mahindra Bank Mumbai Credit Underwriter Salaries by 20+ Employees (Updated 2025)

0 - 7 years exp.

₹2.1 Lakhs - ₹5.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

25% 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. (8 salaries)	₹2.1 L/yr - ₹5.5 L/yr
Finance & Accounting Credit Underwriter Salary 0 - 3 years exp. (4 salaries)	₹2.3 L/yr - ₹3.6 L/yr
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Risk Management & Compliance Credit Underwriter Salary 3 - 5 years exp. (3 salaries)	₹2.3 L/yr - ₹3.9 L/yr
Customer Success, Service & Operations Credit Underwriter Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr

Last Updated: 3 Jan 2025

Companies similar to Kotak Mahindra Bank for Credit Underwriter in Mumbai

Kotak Mahindra Bank Credit Underwriter Salary

0 - 7 years exp. (24 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Underwriter Salary 0 - 7 years exp. (8 salaries)	₹3.2 L/yr - ₹11.3 L/yr 90% more
Jana Small Finance Bank Credit Underwriter Salary 1 - 6 years exp. (8 salaries)	₹2 L/yr - ₹4.5 L/yr 5% less
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IDFC FIRST Bank Credit Underwriter Salary 1 - 4 years exp. (6 salaries)	₹7 L/yr - ₹8.7 L/yr 84% more
Axis Bank Credit Underwriter Salary 1 - 10 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 34% more
ICICI Bank Credit Underwriter Salary 1 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹7.3 L/yr 59% more

Credit Underwriter salary at Kotak Mahindra Bank ranges between ₹2.1 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindra Bank.

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

3mo ago

₹4.5 Lakhs

6 years exp.

4mo ago

₹2.3 Lakhs

2 years exp.

1y ago

₹4.5 Lakhs

5 years exp.

1y ago

₹3.9 Lakhs

5 years exp.

1y ago

₹5.5 Lakhs

5 years exp.

1y ago

4 years exp.

1y ago

3 years exp.

1y ago

1 year exp.

1y ago

5 months exp.

1y ago

4 years exp.

Experience wise Kotak Mahindra Bank Credit Underwriter salaries in Mumbai

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
1 year (7 salaries)	₹2.1 L/yr - ₹3.8 L/yr
Login to view exact salary
2 years (3 salaries)	₹2.3 L/yr - ₹4.3 L/yr
3 years (4 salaries)	₹2.3 L/yr - ₹4.5 L/yr
4 years (3 salaries)	₹3.2 L/yr - ₹7.1 L/yr
5 years (3 salaries)	₹3.9 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

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(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Chief Manager Salary

(397 salaries)

₹7.5 L/yr - ₹30 L/yr

Credit Manager Salary

(231 salaries)

₹3.75 L/yr - ₹13 L/yr

Branch Manager Salary

(142 salaries)

₹10 L/yr - ₹30 L/yr

Sales Officer Salary

(65 salaries)

₹1.44 L/yr - ₹4 L/yr

Credit Analyst Salary

(58 salaries)

₹9.81 L/yr - ₹22 L/yr

Senior Associate Salary

(25 salaries)

₹1.5 L/yr - ₹3.9 L/yr

Credit Officer Salary

(15 salaries)

₹1.5 L/yr - ₹2.85 L/yr

Area Credit Manager Salary

(12 salaries)

₹7 L/yr - ₹18 L/yr

Credit Executive Salary

(7 salaries)

₹1.85 L/yr - ₹3.3 L/yr

Top skills at Kotak Mahindra Bank for Credit Underwriter

Credit Analysis Underwriting Credit Cards Credit Underwriting

Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 1 employees for salary & benefits

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

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Credit Underwriter Salary FAQs

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

The average salary of a Credit Underwriter at Kotak Mahindra Bank in Mumbai typically ranges from ₹2.1 Lakhs to ₹5.5 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Credit Underwriter in Mumbai at Kotak Mahindra Bank earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Credit Underwriter 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 20+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Credit Underwriter at Kotak Mahindra Bank in Mumbai typically ranges from ₹28,509 to ₹29,896 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from Fresher to 7 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 20+ 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 Underwriter at Kotak Mahindra Bank in Mumbai?

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

- Credit Analysis
- Underwriting
- Credit Cards
- Credit Underwriting

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 Underwriter in India?

HDFC Bank	₹3.2 Lakhs to ₹11.3 Lakhs per year
IDFC FIRST Bank	₹7.0 Lakhs to ₹8.7 Lakhs per year
ICICI Bank	₹3.5 Lakhs to ₹7.3 Lakhs per year
Axis Bank	₹3.0 Lakhs to ₹6.5 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 Underwriter in companies similar to Kotak Mahindra Bank in Mumbai?

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

Jana Small Finance Bank

₹2.0 Lakhs to ₹4.5 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 Underwriter at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year	₹2.1 Lakhs to ₹3.8 Lakhs per year
2 years	₹2.3 Lakhs to ₹4.3 Lakhs per year
3 years	₹2.3 Lakhs to ₹4.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Credit Underwriter Salaries in Mumbai

Kotak Mahindra Bank Credit Underwriter salary in Mumbai ranges between ₹2.1 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.