Kotak Mahindra Bank Mumbai Procurement Manager Salaries by 3 Employees (Updated 2025)

0 - 13 years exp.

₹5.2 Lakhs - ₹11.5 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Procurement Manager Salary in Banking Companies for 0 - 13 years of experience

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Last Updated: 22 Nov 2024

Companies similar to Kotak Mahindra Bank for Procurement Manager in Mumbai

Kotak Mahindra Bank Procurement Manager Salary

0 - 13 years exp. (3 salaries)

₹5.2 L/yr - ₹11.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Procurement Manager Salary 8 - 14 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 54% more
ICICI Bank Procurement Manager Salary 2 - 15 years exp. (9 salaries)	₹5.5 L/yr - ₹13.2 L/yr 12% more
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Axis Bank Procurement Manager Salary 9 - 15 years exp. (8 salaries)	₹11.9 L/yr - ₹17 L/yr 56% more
Reliance Industries Procurement Manager Salary 1 - 17 years exp. (61 salaries)	₹6.5 L/yr - ₹25.3 L/yr 73% more	1 job opening
Larsen & Toubro Limited Procurement Manager Salary 8 - 17 years exp. (28 salaries)	₹13.8 L/yr - ₹27.1 L/yr 133% more

Procurement Manager salary at Kotak Mahindra Bank ranges between ₹5.2 Lakhs to ₹11.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Procurement Manager salaries in Mumbai

Last Updated: 22 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
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13 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.2 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Senior Manager Procurement Salary

(6 salaries)

₹6.4 L/yr - ₹26 L/yr

Procurement Executive Salary

(5 salaries)

₹3.6 L/yr - ₹4 L/yr

Purchase Executive Salary

(4 salaries)

₹3.6 L/yr - ₹4.5 L/yr

Deputy Manager Commercial Salary

(3 salaries)

₹4.2 L/yr - ₹5.3 L/yr

Top skills at Kotak Mahindra Bank for Procurement Manager

Procurement Vendor Management Non It

Salary related reviews for Kotak Mahindra Bank

1.2

Rated by 2 employees for salary & benefits

Principal Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 27 Dec 2024

2.0

for Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

Salary - Poor

+4 more

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 more

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

Deputy Manager Operations in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Salary, if you are a good negotiator.

Dislikes

It is a good place for those who came as avp and above. On ground level there is no work life balance and job securities. The main problem is about the culture, so many conference call happens where only limited time employees get for their work. Imbalance professionalism.

Salary - Poor

+4 more

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Kotak Mahindra Bank Procurement Manager Salary FAQs

What is the notice period for Procurement Manager at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 50% of the Kotak Mahindra Bank Procurement Manager s in Mumbai reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Procurement Manager Salaries in Mumbai

Kotak Mahindra Bank Procurement Manager salary in Mumbai ranges between ₹5.2 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.