Kotak Mahindra Bank Recovery Manager Salaries by 20+ Employees (Updated 2024)

1 - 14 years exp.

₹1.8 Lakh - ₹8.4 Lakhs

Salary of majority employees

16% less than the average Recovery Manager Salary in Banking Companies for 1 - 14 years of experience

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Salaries in different departments

Finance & Accounting Recovery Manager Salary 3 - 9 years exp. (9 salaries)	₹2.6 L/yr - ₹6.7 L/yr
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BFSI, Investments & Trading Recovery Manager Salary 2 - 13 years exp. (7 salaries)	₹2.1 L/yr - ₹6.2 L/yr

Last Updated: 11 Oct 2024

Companies similar to Kotak Mahindra Bank for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Recovery Manager Salary 5 - 18 years exp. (18 salaries)	₹3.1 L/yr - ₹12.7 L/yr 64% more
ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 59% more
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Axis Bank Recovery Manager Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹9 L/yr 11% more
IndusInd Bank Recovery Manager Salary 13 - 17 years exp. (3 salaries)	₹8.5 L/yr - ₹11 L/yr 107% more
IDFC FIRST Bank Recovery Manager Salary 2 - 10 years exp. (54 salaries)	₹5.2 L/yr - ₹10 L/yr 73% more
RBL Bank Recovery Manager Salary 0 - 12 years exp. (12 salaries)	₹3.3 L/yr - ₹11 L/yr 40% more
Bandhan Bank Recovery Manager Salary 1 - 13 years exp. (4 salaries)	₹1.8 L/yr - ₹6 L/yr 15% less
IDBI Bank Recovery Manager Salary 7 - 16 years exp. (6 salaries)	₹10.8 L/yr - ₹15.5 L/yr 198% more

Recovery Manager salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹8.4 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Recovery Manager salaries

Last Updated: 11 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.8 L/yr
2 years (3 salaries)	₹1.8 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹6.5 L/yr
4 years (3 salaries)	₹2.4 L/yr - ₹6.9 L/yr
5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹7.2 L/yr
6 years (3 salaries)	₹3.9 L/yr - ₹4.3 L/yr
7 years (3 salaries)	₹2.5 L/yr - ₹7.9 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.3 L/yr
9 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹6.7 L/yr
10 years (AmbitionBox Estimate)	₹2 L/yr - ₹7.3 L/yr
11 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
12 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6.8 L/yr
13 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7.7 L/yr
14 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹8.4 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

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₹1.65 L/yr - ₹8.5 L/yr

Debt Manager Salary

(8 salaries)

₹4 L/yr - ₹6.5 L/yr

Agency Manager Salary

(31 salaries)

₹2.5 L/yr - ₹5 L/yr

Area Manager Salary

(105 salaries)

₹7.03 L/yr - ₹25 L/yr

Branch Manager Salary

(1k salaries)

₹6.62 L/yr - ₹25.56 L/yr

Collections Manager Salary

(229 salaries)

₹2 L/yr - ₹9.83 L/yr

Relationship Manager Salary

(2.4k salaries)

₹1.6 L/yr - ₹10 L/yr

Area Collection Manager Salary

(79 salaries)

₹4.5 L/yr - ₹16.25 L/yr

Team Lead Salary

(386 salaries)

₹1.5 L/yr - ₹6.87 L/yr

Top skills at Kotak Mahindra Bank for Recovery Manager

Recovery Management Recovery mortgage Collections Debt Recovery Loans Arbitration Subcontractors Legal Debt Management Construction Equipment Lap Collection Management Commercial Vehicle Mortgage Loans

Salary related reviews for Kotak Mahindra Bank

4.6

Rated by 6 employees for salary & benefits

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.

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

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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 Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Kotak Mahindra Bank?

Recovery Manager salary at Kotak Mahindra Bank in India ranges between ₹1.8 Lakhs to ₹8.4 Lakhs for experience between 1 years to 14 years. According to our estimates it is 16% less than the average Recovery Manager Salary in India. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindra Bank India.

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

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

What are the top skills required to work as a Recovery Manager at Kotak Mahindra Bank?

Recovery Management, Recovery, mortgage, Collections and Debt Recovery are some of the popular skills required to work as a Recovery Manager at Kotak Mahindra Bank India.

Which similar companies are paying more than Kotak Mahindra Bank to a Recovery Manager in India?

IDBI Bank Recovery Manager Salary - ₹10.8 Lakhs to ₹15.5 Lakhs per year
IndusInd Bank Recovery Manager Salary - ₹8.5 Lakhs to ₹11.0 Lakhs per year
IDFC FIRST Bank Recovery Manager Salary - ₹5.2 Lakhs to ₹10.0 Lakhs per year
HDFC Bank Recovery Manager Salary - ₹3.1 Lakhs to ₹12.7 Lakhs per year
ICICI Bank Recovery Manager Salary - ₹5.5 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Recovery Manager in companies similar to Kotak Mahindra Bank in India?

RBL Bank Recovery Manager Salary - ₹3.3 Lakhs to ₹11.0 Lakhs per year
Axis Bank Recovery Manager Salary - ₹3.6 Lakhs to ₹9.0 Lakhs per year
Bandhan Bank Recovery Manager Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year

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

The estimated take-home salary of a Recovery Manager at Kotak Mahindra Bank ranges between ₹33,670 per month to ₹34,930 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Recovery Manager salary in India which ranges between ₹1.8 Lakhs to ₹8.4 Lakhs per year for employees with experience between 1 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Recovery Manager at Kotak Mahindra Bank?

According to AmbitionBox, 80% of the Kotak Mahindra Bank Recovery Managers reported a notice period of 3 Months, 10% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Recovery Manager Salaries

Kotak Mahindra Bank Recovery Manager salary in India ranges between ₹1.8 Lakh to ₹8.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.