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Kotak Mahindra Bank Risk Manager salaries in India (Updated 2025)

Annual salary range
0 - 17 years exp.
₹4.2 Lakhs - ₹12.5 Lakhs
Salary of majority employees
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32% less than the average Risk Manager Salary in Banking Companies for 0 - 17 years of experience

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Salaries in different departments

Risk Management & Compliance
Risk Manager Salary
1 - 12 years exp. (9 salaries)
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₹4.2 L/yr - ₹12.5 L/yr

BFSI, Investments & Trading
Risk Manager Salary
3 - 17 years exp. (6 salaries)
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₹6 L/yr - ₹10.8 L/yr

Last Updated: 8 Feb 2025

Companies similar to Kotak Mahindra Bank for Risk Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Risk Manager Salary

1 - 10 years exp. (78 salaries)

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₹3.8 L/yr - ₹14.7 L/yr

arrow icon 6% more
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ICICI Bank Risk Manager Salary

0 - 10 years exp. (63 salaries)

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₹5.3 L/yr - ₹21.6 L/yr

arrow icon 52% more
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Axis Bank Risk Manager Salary

1 - 17 years exp. (33 salaries)

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₹5.4 L/yr - ₹20 L/yr

arrow icon 50% more
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State Bank of India Risk Manager Salary

5 - 11 years exp. (7 salaries)

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₹16.5 L/yr - ₹27 L/yr

arrow icon 120% more
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IndusInd Bank Risk Manager Salary

9 - 17 years exp. (7 salaries)

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₹7.1 L/yr - ₹11.5 L/yr

arrow icon 6% more
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Yes Bank Risk Manager Salary

1 - 12 years exp. (87 salaries)

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₹6 L/yr - ₹19 L/yr

arrow icon 23% more
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Federal Bank Risk Manager Salary

17 - 19 years exp. (3 salaries)

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₹0.9 L/yr - ₹1.2 L/yr

arrow icon 88% less
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IDFC FIRST Bank Risk Manager Salary

0 - 4 years exp. (53 salaries)

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₹7.5 L/yr - ₹24 L/yr

arrow icon 117% more
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RBL Bank Risk Manager Salary

0 - 11 years exp. (8 salaries)

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₹6 L/yr - ₹9 L/yr

arrow icon 20% less
1 job opening
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Bandhan Bank Risk Manager Salary

5 - 13 years exp. (5 salaries)

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₹5.2 L/yr - ₹15 L/yr

arrow icon 25% more
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Canara Bank Risk Manager Salary

4 - 13 years exp. (18 salaries)

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₹12 L/yr - ₹34 L/yr

arrow icon 133% more
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Central Bank of India Risk Manager Salary

3 - 11 years exp. (11 salaries)

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₹12 L/yr - ₹18.4 L/yr

arrow icon 78% more
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Union Bank of India Risk Manager Salary

5 - 9 years exp. (10 salaries)

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₹10.3 L/yr - ₹18.5 L/yr

arrow icon 65% more
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₹6 L/yr - ₹19.4 L/yr

arrow icon 65% more
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₹3.9 L/yr - ₹16.2 L/yr

arrow icon 19% more
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IDBI Bank Risk Manager Salary

10 - 13 years exp. (3 salaries)

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₹15 L/yr - ₹37.4 L/yr

arrow icon 141% more
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Karur Vysya Bank Risk Manager Salary

8 - 9 years exp. (3 salaries)

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₹11 L/yr - ₹13.5 L/yr

arrow icon 38% more
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City Union Bank Risk Manager Salary

9 - 17 years exp. (3 salaries)

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₹12 L/yr - ₹15 L/yr

arrow icon 59% more
Risk Manager salary at Kotak Mahindra Bank ranges between ₹4.2 Lakhs to ₹12.5 Lakhs per year for employees with less than 1 year of experience to 17 years. Salary estimates are based on 19 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Risk Manager

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11 years exp.
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12 years exp.
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Experience wise Kotak Mahindra Bank Risk Manager salaries

Last Updated: 8 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.3 L/yr - ₹9 L/yr
1 year (AmbitionBox Estimate)

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₹7 L/yr - ₹15.1 L/yr
2 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹9.7 L/yr
3 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹11 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Audit Manager Salary
(9 salaries)
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₹3.75 L/yr - ₹10 L/yr
Finance Manager Salary
(20 salaries)
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₹2.6 L/yr - ₹10.05 L/yr
Branch Manager Salary
(1k salaries)
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₹7 L/yr - ₹26 L/yr
Deputy Manager Salary
(11.3k salaries)
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₹1.65 L/yr - ₹8.5 L/yr
Team Lead Salary
(422 salaries)
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₹1.5 L/yr - ₹6.76 L/yr
Accountant Salary
(67 salaries)
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₹1.55 L/yr - ₹4.6 L/yr
Senior Auditor Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr
Auditor Salary
(8 salaries)
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₹1.2 L/yr - ₹10 L/yr
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₹8.65 L/yr - ₹9.45 L/yr
Senior Associate Salary
(118 salaries)
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₹1.4 L/yr - ₹4 L/yr

Top skills at Kotak Mahindra Bank for Risk Manager

Risk Mitigation Market Risk Management Chartered Accountant SAS Risk Management Construction Equipment Operational Risk Management Commercial Vehicle Market Risk Digitization Stress Testing SQL

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 3 employees for salary & benefits

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.

read more
  • Salary - Bad

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

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.

read more
  • 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.

read more
  • Work satisfaction - Bad
  • +2 more

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.

read more
  • Salary - Poor
  • +4 more

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.

  • Work-life balance - Good

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.

read more
  • Skill development - Poor
  • +1 more
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Kotak Mahindra Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at Kotak Mahindra Bank ?
The average salary of a Risk Manager at Kotak Mahindra Bank in India typically ranges from ₹4.2 Lakhs to ₹12.5 Lakhs per year, depending on experience (from Fresher to 17 years).

The top 10% of Risk Manager at Kotak Mahindra Bank earn more than ₹10.9 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Risk Manager 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 10+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Risk Manager at Kotak Mahindra Bank in India?
The estimated take-home salary of a Risk Manager at Kotak Mahindra Bank in India typically ranges from ₹63,034 to ₹64,636 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from Fresher to 17 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 10+ 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 Risk Manager at Kotak Mahindra Bank ?
To be a Risk Manager at Kotak Mahindra Bank in india, the key skills required include:

  • - Risk Mitigation
  • - Market Risk Management
  • - Chartered Accountant
  • - SAS
  • - Risk Management

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 Risk Manager in India?
IDBI Bank ₹15.0 Lakhs to ₹37.4 Lakhs per year
Canara Bank ₹12.0 Lakhs to ₹34.0 Lakhs per year
State Bank of India ₹16.5 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank ₹7.5 Lakhs to ₹24.0 Lakhs per year
Central Bank of India ₹12.0 Lakhs to ₹18.4 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 Risk Manager in companies similar to Kotak Mahindra Bank in India?
The salary of a Risk Manager at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Union Bank of India ₹10.3 Lakhs to ₹18.5 Lakhs per year
Ujjivan Small Finance Bank ₹6.0 Lakhs to ₹19.4 Lakhs per year
City Union Bank ₹12.0 Lakhs to ₹15.0 Lakhs per year
ICICI Bank ₹5.3 Lakhs to ₹21.6 Lakhs per year
Axis Bank ₹5.4 Lakhs to ₹20.0 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 Risk Manager at Kotak Mahindra Bank in India?
The salary growth for a Risk Manager at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Risk Manager can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
Fresher ₹3.3 Lakhs to ₹9.0 Lakhs per year
1 year ₹7.0 Lakhs to ₹15.1 Lakhs per year
2 years ₹7.6 Lakhs to ₹9.7 Lakhs per year
3 years ₹3.4 Lakhs to ₹10.0 Lakhs per year
and so on.

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Kotak Mahindra Bank Risk Manager salary in India ranges between ₹4.2 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 19 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.