Kotak Mahindra Bank Kolkata Senior Manager Credit Salaries by 20+ Employees

4 - 8 years exp.

₹8.5 Lakhs - ₹13.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

9% less than the average Senior Manager Credit Salary in Banking Companies for 4 - 8 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Senior Manager Credit Salary 4 - 8 years exp. (11 salaries)	₹8.5 L/yr - ₹13.4 L/yr
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Finance & Accounting Senior Manager Credit Salary 4 - 8 years exp. (7 salaries)	₹9.5 L/yr - ₹13 L/yr

Last Updated: 14 Dec 2024

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

Kotak Mahindra Bank Senior Manager Credit Salary

4 - 8 years exp. (22 salaries)

₹8.5 L/yr - ₹13.4 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Credit Salary 5 - 12 years exp. (16 salaries)	₹10.5 L/yr - ₹23 L/yr 20% more	1 job opening
Bank of Baroda Senior Manager Credit Salary 11 - 13 years exp. (6 salaries)	₹18 L/yr - ₹27 L/yr 101% more
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IndusInd Bank Senior Manager Credit Salary 6 - 10 years exp. (4 salaries)	₹8 L/yr - ₹11.7 L/yr 18% less	3 job openings
ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (4 salaries)	₹12 L/yr - ₹16.2 L/yr 16% more
Axis Bank Senior Manager Credit Salary 8 - 13 years exp. (4 salaries)	₹14.5 L/yr - ₹17 L/yr 31% more
Central Bank of India Senior Manager Credit Salary 10 - 12 years exp. (3 salaries)	₹18 L/yr - ₹22 L/yr 46% more
IDFC FIRST Bank Senior Manager Credit Salary 2 - 6 years exp. (3 salaries)	₹10 L/yr - ₹12 L/yr 8% less

Senior Manager Credit salary at Kotak Mahindra Bank ranges between ₹8.5 Lakhs to ₹13.4 Lakhs per year for employees with experience between 4 years to 8 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 Kolkata

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
4 years (3 salaries)	₹8.7 L/yr - ₹22.2 L/yr
5 years (7 salaries)	₹8.5 L/yr - ₹22.3 L/yr
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6 years (7 salaries)	₹9 L/yr - ₹13 L/yr
7 years (3 salaries)	₹12 L/yr - ₹13 L/yr
8 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr

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.

39% hike

Associate Vice President

3 - 21 years exp.

17% 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.

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(490 salaries)

₹2.1 L/yr - ₹7 L/yr

Branch Manager Salary

(68 salaries)

₹8.5 L/yr - ₹22 L/yr

Credit Manager Salary

(55 salaries)

₹3.7 L/yr - ₹14.5 L/yr

Chief Manager Salary

(24 salaries)

₹8.5 L/yr - ₹21 L/yr

Area Credit Manager Salary

(5 salaries)

₹11 L/yr - ₹22.5 L/yr

Credit Analyst Salary

(3 salaries)

₹7.8 L/yr - ₹9.9 L/yr

Top skills at Kotak Mahindra Bank for Senior Manager Credit

Credit Risk Banking Credit Analysis

Salary related reviews for Kotak Mahindra Bank

2.7

Rated by 2 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Senior Manager Credit Salary FAQs

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

The average salary of a Senior Manager Credit at Kotak Mahindra Bank in Kolkata typically ranges from ₹8.5 Lakhs to ₹13.4 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Senior Manager Credit in Kolkata at Kotak Mahindra Bank earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.4 Lakhs per year. Senior Manager Credit 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 20+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Senior Manager Credit at Kotak Mahindra Bank in Kolkata typically ranges from ₹88,464 to ₹90,787 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹13.4 Lakhs per year for employees with experience ranging from 4 years to 8 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 20+ 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 Senior Manager Credit at Kotak Mahindra Bank in Kolkata?

To be a Senior Manager Credit at Kotak Mahindra Bank in Kolkata, the key skills required include:

- Credit Risk
- Banking
- Credit Analysis

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 Senior Manager Credit in India?

Bank of Baroda	₹18.0 Lakhs to ₹27.0 Lakhs per year
Central Bank of India	₹18.0 Lakhs to ₹22.0 Lakhs per year
Axis Bank	₹14.5 Lakhs to ₹17.0 Lakhs per year
HDFC Bank	₹10.5 Lakhs to ₹23.0 Lakhs per year
ICICI Bank	₹12.0 Lakhs to ₹16.2 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 Senior Manager Credit in companies similar to Kotak Mahindra Bank in Kolkata?

The salary of a Senior Manager Credit at companies similar to Kotak Mahindra Bank in Kolkata varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank	₹10.0 Lakhs to ₹12.0 Lakhs per year
IndusInd Bank	₹8.0 Lakhs to ₹11.7 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 Senior Manager Credit at Kotak Mahindra Bank in Kolkata?

The salary growth for a Senior Manager Credit at Kotak Mahindra Bank in Kolkata depends on factors such as experience, performance, and promotions. On average, a Senior Manager Credit in Kolkata can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
4 years	₹8.7 Lakhs to ₹22.2 Lakhs per year
5 years	₹8.5 Lakhs to ₹22.3 Lakhs per year
6 years	₹9.0 Lakhs to ₹13.0 Lakhs per year
7 years	₹12.0 Lakhs to ₹13.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Senior Manager Credit Salaries in Kolkata

Kotak Mahindra Bank Senior Manager Credit salary in Kolkata ranges between ₹8.5 Lakhs to ₹13.4 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.