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

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

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

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.