Kotak Mahindra Bank Chennai Senior Manager Credit Salaries by 20+ Employees (Updated 2025)

2 - 9 years exp.

₹8.5 Lakhs - ₹16 Lakhs

Salary of majority employees

10% less than the average Senior Manager Credit Salary in Banking Companies for 2 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Credit Salary 2 - 9 years exp. (11 salaries)	₹8.5 L/yr - ₹16 L/yr
Finance & Accounting Senior Manager Credit Salary 2 - 4 years exp. (3 salaries)	₹10.3 L/yr - ₹13.5 L/yr
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Risk Management & Compliance Senior Manager Credit Salary 3 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹12.6 L/yr

Last Updated: 8 Oct 2024

Companies similar to Kotak Mahindra Bank for Senior Manager Credit in Chennai

Kotak Mahindra Bank Senior Manager Credit Salary

2 - 9 years exp. (22 salaries)

₹8.5 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Credit Salary 4 - 6 years exp. (4 salaries)	₹14.6 L/yr - ₹18.4 L/yr 23% more	1 job opening
Axis Bank Senior Manager Credit Salary 11 - 13 years exp. (3 salaries)	₹10 L/yr - ₹16.7 L/yr 30% more
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Yes Bank Senior Manager Credit Salary 6 - 11 years exp. (6 salaries)	₹8.5 L/yr - ₹16 L/yr 3% more
Union Bank of India Senior Manager Credit Salary 8 - 15 years exp. (6 salaries)	₹14 L/yr - ₹28.5 L/yr 74% more
Bank of Baroda Senior Manager Credit Salary 8 - 13 years exp. (3 salaries)	₹12 L/yr - ₹20 L/yr 55% more

Senior Manager Credit salary at Kotak Mahindra Bank ranges between ₹8.5 Lakhs to ₹16 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior Manager Credit salaries in Chennai

Last Updated: 8 Oct 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹10.3 L/yr - ₹13.5 L/yr
3 years (AmbitionBox Estimate)	₹10 L/yr - ₹21.9 L/yr
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4 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹22 L/yr
5 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹22 L/yr
6 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹16 L/yr
7 years (8 salaries)	₹9.7 L/yr - ₹14.5 L/yr
8 years (4 salaries)	₹9.5 L/yr - ₹12.5 L/yr
9 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹22.3 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.

Chief Manager 7 - 19 years exp.

44% hike

Associate Vice President 3 - 21 years exp.

13% hike

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(663 salaries)

₹1.8 L/yr - ₹8 L/yr

Credit Manager Salary

(39 salaries)

₹3.97 L/yr - ₹13.2 L/yr

Branch Manager Salary

(36 salaries)

₹9 L/yr - ₹20 L/yr

Chief Manager Salary

(26 salaries)

₹9.1 L/yr - ₹19 L/yr

Senior Associate Salary

(13 salaries)

₹1.6 L/yr - ₹3.15 L/yr

Top skills at Kotak Mahindra Bank for Senior Manager Credit

Credit Risk Banking Credit Analysis

Salary related reviews for Kotak Mahindra Bank

4.0

Rated by 1 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

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

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.

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.

Salary - Poor

+4 more

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Salary Discussions, Hike & Promotions

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Kotak Mahindra Bank Senior Manager Credit Salary FAQs

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

Senior Manager Credit salary at Kotak Mahindra Bank in Chennai ranges between ₹8.5 Lakhs to ₹16.0 Lakhs for experience between 2 years to 9 years. According to our estimates it is 10% less than the average Senior Manager Credit Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

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

The average salary of a Senior Manager Credit at Kotak Mahindra Bank is 10% less than the average salary of a Senior Manager Credit in Chennai. 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 Chennai.

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

Union Bank of India Senior Manager Credit Salary - ₹14.0 Lakhs to ₹28.5 Lakhs per year
Bank of Baroda Senior Manager Credit Salary - ₹12.0 Lakhs to ₹20.0 Lakhs per year
Axis Bank Senior Manager Credit Salary - ₹10.0 Lakhs to ₹16.7 Lakhs per year
HDFC Bank Senior Manager Credit Salary - ₹14.6 Lakhs to ₹18.4 Lakhs per year
Yes Bank Senior Manager Credit Salary - ₹8.5 Lakhs to ₹16.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager Credit at Kotak Mahindra Bank ranges between ₹87,419 per month to ₹89,711 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Bank Senior Manager Credit salary in India which ranges between ₹8.5 Lakhs to ₹16.0 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 73% of the Kotak Mahindra Bank Senior Manager Credits in Chennai reported a notice period of 3 Months, 18% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Senior Manager Credit Salaries in Chennai

Kotak Mahindra Bank Senior Manager Credit salary in Chennai ranges between ₹8.5 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.