Kotak Mahindra Bank Location Manager salaries in Chennai

Likes

Support from seniors

Dislikes

Salary doesn't match with market No bonus and increment was given due to COVID If you are joing after October of a particular FY, then you are not eligible for any appraisal next year..even though you have joined on NOV 1st of that year There are multiple other work, which a partson is supposed to do apart from the work profile like hiring and identifying candidates for new recruitment, vendor bill processing etcm.which is done by a seperate department in other financers Overall work pressure is enormous and the company in return pay you peanuts No additional benefits are provided to the employees even of you are working in a finance co or bank You have to compulsorily pay medical.. from your net pay..which you might not require Apart from this..people will call you to work on holidays as well even if it is a national or state holiday..no proper work culture is there. Hr does not decide the leave..but employees and colleagues decides the leaves..no work life balance Not recommendable to work here.

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.

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.

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.

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.