Kotak Mahindra Bank Senior Manager Credit Salaries by 300+ Employees (Updated 2025)

2 - 12 years exp.

₹6.5 Lakhs - ₹16 Lakhs

Salary of majority employees

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9% less than the average Senior Manager Credit Salary in Banking Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Credit Salary 2 - 12 years exp. (175 salaries)	Unlock ₹7 L/yr - ₹16 L/yr
Finance & Accounting Senior Manager Credit Salary 2 - 12 years exp. (138 salaries)	Unlock ₹6.5 L/yr - ₹15.5 L/yr
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Risk Management & Compliance Senior Manager Credit Salary 2 - 8 years exp. (13 salaries)	Unlock ₹9 L/yr - ₹14.8 L/yr

Last Updated: 12 Mar 2025

Companies similar to Kotak Mahindra Bank for Senior Manager Credit

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Credit Salary 4 - 12 years exp. (326 salaries)	Unlock ₹7.8 L/yr - ₹21 L/yr 10% more	1 job opening
ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (159 salaries)	Unlock ₹7 L/yr - ₹22.8 L/yr 18% more
Login to view exact salary
Axis Bank Senior Manager Credit Salary 5 - 14 years exp. (120 salaries)	Unlock ₹10 L/yr - ₹26.9 L/yr 31% more
State Bank of India Senior Manager Credit Salary 8 - 13 years exp. (5 salaries)	Unlock ₹14 L/yr - ₹23 L/yr 34% more
Yes Bank Senior Manager Credit Salary 4 - 13 years exp. (188 salaries)	Unlock ₹7.8 L/yr - ₹17 L/yr 2% more
IDFC FIRST Bank Senior Manager Credit Salary 2 - 12 years exp. (81 salaries)	Unlock ₹6.3 L/yr - ₹16 L/yr 12% less
Bank of Baroda Senior Manager Credit Salary 8 - 13 years exp. (48 salaries)	Unlock ₹12 L/yr - ₹28 L/yr 63% more
Union Bank of India Senior Manager Credit Salary 7 - 14 years exp. (48 salaries)	Unlock ₹11 L/yr - ₹28.5 L/yr 61% more
Jana Small Finance Bank Senior Manager Credit Salary 3 - 10 years exp. (38 salaries)	Unlock ₹3.1 L/yr - ₹12 L/yr 46% less
Canara Bank Senior Manager Credit Salary 6 - 13 years exp. (27 salaries)	Unlock ₹16 L/yr - ₹35 L/yr 85% more

View all

Senior Manager Credit salary at Kotak Mahindra Bank ranges between ₹6.5 Lakhs to ₹16 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 386 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Senior Manager Credit

1d ago

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6 years exp.

2d ago

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4 years exp.

5d ago

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12 years exp.

5d ago

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3 years exp.

1w ago

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6 years exp.

3w ago

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8 years exp.

3w ago

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7 years exp.

3w ago

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11 years exp.

3w ago

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3 years exp.

1mo ago

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3 years exp.

Experience wise Kotak Mahindra Bank Senior Manager Credit salaries

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
2 years (36 salaries)	Unlock ₹7.5 L/yr - ₹14.5 L/yr
3 years (45 salaries)	Unlock ₹7 L/yr - ₹15 L/yr
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4 years (68 salaries)	Unlock ₹7.8 L/yr - ₹15 L/yr
5 years (82 salaries)	Unlock ₹6.5 L/yr - ₹15.6 L/yr
6 years (54 salaries)	Unlock ₹7 L/yr - ₹16 L/yr
7 years (40 salaries)	Unlock ₹7.5 L/yr - ₹15 L/yr
8 years (33 salaries)	Unlock ₹7.7 L/yr - ₹15 L/yr
9 years (11 salaries)	Unlock ₹8.9 L/yr - ₹15 L/yr
10 years (10 salaries)	Unlock ₹9.5 L/yr - ₹15 L/yr
11 years (5 salaries)	Unlock ₹11.1 L/yr - ₹14.7 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹11.2 L/yr - ₹22.9 L/yr

View all

From

Senior Manager Credit

₹

Lakhs/yr

2 - 12 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Senior Manager Credit

2 - 12 years exp.

Unlock

Chief Manager

7 - 19 years exp.

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46% hike

Associate Vice President

3 - 21 years exp.

Unlock

12% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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₹1.5 L/yr - ₹4 L/yr

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₹2.8 L/yr - ₹3.4 L/yr

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₹1.75 L/yr - ₹8.45 L/yr

Credit Analyst Salary

(242 salaries)

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₹5.88 L/yr - ₹16.2 L/yr

Area Credit Manager Salary

(88 salaries)

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₹6.5 L/yr - ₹24.5 L/yr

Top skills at Kotak Mahindra Bank for Senior Manager Credit

Credit Risk Banking Credit Analysis

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 44 employees for salary & benefits

Senior Manager Credit in Vadodara

Finance & Accounting Department

4.0

• posted on 24 Oct 2018

2.0

for Salary and Benefits

Likes

Working culture and there motive to promote internal team members is good, Job transfer available post 2years completion. Young generation leading most of the verticals which helps to learn many things in professional life

Skill development - Excellent

+5 more

Dislikes

Pay scale is less as compared to market, hike n promotions are slow, proper training for job roles not given

Salary - Poor

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

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

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.

Salary - Bad

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.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

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.

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.

Work satisfaction - Bad

+2 more

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Kotak Mahindra Bank Senior Manager Credit Salary FAQs

What is the salary of Senior Manager Credit at Kotak Mahindra Bank?

Senior Manager Credit salary at Kotak Mahindra Bank in India ranges between ₹6.5 Lakhs to ₹16.0 Lakhs for experience between 2 years to 12 years. According to our estimates it is 9% less than the average Senior Manager Credit Salary in India. Salary estimates are based on 386 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Senior Manager Credit at Kotak Mahindra Bank is 9% less than the average salary of a Senior Manager Credit in India. To know exact salary insights, login to view.

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

Credit Risk, Banking and Credit Analysis are some of the popular skills required to work as a Senior Manager Credit at Kotak Mahindra Bank India.

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

Canara Bank Senior Manager Credit Salary - ₹16.0 Lakhs to ₹35.0 Lakhs per year
Bank of Baroda Senior Manager Credit Salary - ₹12.0 Lakhs to ₹28.0 Lakhs per year
Union Bank of India Senior Manager Credit Salary - ₹11.0 Lakhs to ₹28.5 Lakhs per year
Federal Bank Senior Manager Credit Salary - ₹14.0 Lakhs to ₹22.0 Lakhs per year
Central Bank of India Senior Manager Credit Salary - ₹14.5 Lakhs to ₹22.0 Lakhs per year

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

UCO Bank Senior Manager Credit Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
State Bank of India Senior Manager Credit Salary - ₹14.0 Lakhs to ₹23.0 Lakhs per year
Axis Bank Senior Manager Credit Salary - ₹10.0 Lakhs to ₹26.9 Lakhs per year
IDBI Bank Senior Manager Credit Salary - ₹14.0 Lakhs to ₹18.0 Lakhs per year
South Indian Bank Senior Manager Credit Salary - ₹14.0 Lakhs to ₹18.8 Lakhs per year

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

The estimated take-home salary of a Senior Manager Credit at Kotak Mahindra Bank ranges between ₹88,523 per month to ₹90,847 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Senior Manager Credit salary in India which ranges between ₹6.5 Lakhs to ₹16.0 Lakhs per year for employees with experience between 2 years to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 81% of the Kotak Mahindra Bank Senior Manager Credits reported a notice period of 3 Months, 12% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 265 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Senior Manager Credit Salaries by Location

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Kotak Mahindra Bank Senior Manager Credit Salaries

Kotak Mahindra Bank Senior Manager Credit salary in India ranges between ₹6.5 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 386 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Senior Manager Credit salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Senior Manager Credit

Latest annual salaries shared by Kotak Mahindra Bank Senior Manager Credit

Experience wise Kotak Mahindra Bank Senior Manager Credit salaries

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Senior Manager Credit

Salary related reviews for Kotak Mahindra Bank

Senior Manager Credit in Vadodara

Associate Vice President in Noida

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Kotak Mahindra Bank Senior Manager Credit Salary FAQs

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Kotak Mahindra Bank Senior Manager Credit Salaries by Location