Kotak Mahindra Bank Mumbai Risk Manager Salaries by 10+ Employees (Updated 2025)

1 - 11 years exp.

₹6.4 Lakhs - ₹10.8 Lakhs

Salary of majority employees

41% less than the average Risk Manager Salary in Banking Companies for 1 - 11 years of experience

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Salaries in different departments

Risk Management & Compliance Risk Manager Salary 1 - 11 years exp. (5 salaries)	₹6.4 L/yr - ₹8.4 L/yr
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BFSI, Investments & Trading Risk Manager Salary 3 - 11 years exp. (4 salaries)	₹7 L/yr - ₹10.8 L/yr

Last Updated: 28 Nov 2024

Companies similar to Kotak Mahindra Bank for Risk Manager in Mumbai

Kotak Mahindra Bank Risk Manager Salary

1 - 11 years exp. (11 salaries)

₹6.4 L/yr - ₹10.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Risk Manager Salary 1 - 9 years exp. (22 salaries)	₹7 L/yr - ₹22.7 L/yr 56% more
ICICI Bank Risk Manager Salary 1 - 6 years exp. (28 salaries)	₹9.5 L/yr - ₹24 L/yr 92% more
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Axis Bank Risk Manager Salary 1 - 17 years exp. (21 salaries)	₹7.2 L/yr - ₹20 L/yr 66% more
State Bank of India Risk Manager Salary 5 - 11 years exp. (4 salaries)	₹18 L/yr - ₹27 L/yr 141% more
Yes Bank Risk Manager Salary 1 - 10 years exp. (15 salaries)	₹8.7 L/yr - ₹16.7 L/yr 24% more
IDFC FIRST Bank Risk Manager Salary 0 - 5 years exp. (35 salaries)	₹9 L/yr - ₹24 L/yr 115% more	1 job opening
Central Bank of India Risk Manager Salary 3 - 11 years exp. (11 salaries)	₹12 L/yr - ₹18.4 L/yr 90% more
Union Bank of India Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹10.3 L/yr - ₹18.5 L/yr 70% more

Risk Manager salary at Kotak Mahindra Bank ranges between ₹6.4 Lakhs to ₹10.8 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Risk Manager salaries in Mumbai

Last Updated: 28 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7 L/yr - ₹15 L/yr
2 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
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3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹10 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹10 L/yr
6 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
7 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹10.8 L/yr
9 years (AmbitionBox Estimate)	₹8 L/yr - ₹15 L/yr
10 years (AmbitionBox Estimate)	₹8 L/yr - ₹15 L/yr
11 years (AmbitionBox Estimate)	₹7 L/yr - ₹15 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

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₹7.5 L/yr - ₹25.56 L/yr

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₹1.8 L/yr - ₹9 L/yr

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₹1.5 L/yr - ₹3.9 L/yr

Accountant Salary

(18 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Audit Manager Salary

(7 salaries)

₹3.75 L/yr - ₹10 L/yr

Auditor Salary

(6 salaries)

₹1.2 L/yr - ₹8.5 L/yr

Finance Manager Salary

(4 salaries)

₹5.42 L/yr - ₹6.5 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

Assistant Vice President in Ernakulam

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

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.

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.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at Kotak Mahindra Bank Mumbai?

Risk Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹6.4 Lakhs to ₹10.8 Lakhs for experience between 1 years to 11 years. According to our estimates it is 41% less than the average Risk Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Risk Manager at Kotak Mahindra Bank is 41% less than the average salary of a Risk Manager in Mumbai. To know exact salary insights, login to view.

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

Risk Mitigation, Market Risk Management, Chartered Accountant, SAS and Risk Management are some of the popular skills required to work as a Risk Manager at Kotak Mahindra Bank Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Risk Manager in Mumbai?

State Bank of India Risk Manager Salary - ₹18.0 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank Risk Manager Salary - ₹9.0 Lakhs to ₹24.0 Lakhs per year
ICICI Bank Risk Manager Salary - ₹9.5 Lakhs to ₹24.0 Lakhs per year
Central Bank of India Risk Manager Salary - ₹12.0 Lakhs to ₹18.4 Lakhs per year
Union Bank of India Risk Manager Salary - ₹10.3 Lakhs to ₹18.5 Lakhs per year

What is the salary of a Risk Manager in companies similar to Kotak Mahindra Bank in Mumbai?

Axis Bank Risk Manager Salary - ₹7.2 Lakhs to ₹20.0 Lakhs per year
HDFC Bank Risk Manager Salary - ₹7.0 Lakhs to ₹22.7 Lakhs per year
Yes Bank Risk Manager Salary - ₹8.7 Lakhs to ₹16.7 Lakhs per year

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

The estimated take-home salary of a Risk Manager at Kotak Mahindra Bank ranges between ₹61,232 per month to ₹62,784 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Risk Manager salary in India which ranges between ₹6.4 Lakhs to ₹10.8 Lakhs per year for employees with experience between 1 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 86% of the Kotak Mahindra Bank Risk Managers in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 1 Month.This is based on 7 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Risk Manager Salaries in Mumbai

Kotak Mahindra Bank Risk Manager salary in Mumbai ranges between ₹6.4 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.