Kotak Mahindra Bank Mumbai Senior Manager Credit Salaries by 60+ Employees (Updated 2025)

2 - 11 years exp.

₹7 Lakhs - ₹15 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average Senior Manager Credit Salary in Banking Companies for 2 - 11 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Senior Manager Credit Salary 2 - 10 years exp. (33 salaries)	₹7 L/yr - ₹14.5 L/yr
Finance & Accounting Senior Manager Credit Salary 2 - 8 years exp. (23 salaries)	₹7.8 L/yr - ₹15 L/yr
Login to view exact salary
Risk Management & Compliance Senior Manager Credit Salary 6 - 7 years exp. (3 salaries)	₹9 L/yr - ₹12.5 L/yr

Last Updated: 14 Feb 2025

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

Kotak Mahindra Bank Senior Manager Credit Salary

2 - 11 years exp. (65 salaries)

₹7 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Credit Salary 4 - 12 years exp. (40 salaries)	₹9 L/yr - ₹21 L/yr 20% more	1 job opening
ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (34 salaries)	₹11 L/yr - ₹21.5 L/yr 27% more
Login to view exact salary
Yes Bank Senior Manager Credit Salary 4 - 12 years exp. (28 salaries)	₹8.8 L/yr - ₹17 L/yr 9% more
Axis Bank Senior Manager Credit Salary 6 - 14 years exp. (16 salaries)	₹10 L/yr - ₹22 L/yr 30% more
RBL Bank Senior Manager Credit Salary 3 - 15 years exp. (11 salaries)	₹12 L/yr - ₹17 L/yr 15% more
Bank of Baroda Senior Manager Credit Salary 8 - 13 years exp. (11 salaries)	₹12.5 L/yr - ₹25 L/yr 62% more
IDFC FIRST Bank Senior Manager Credit Salary 5 - 12 years exp. (10 salaries)	₹9.4 L/yr - ₹13.5 L/yr 13% less
Union Bank of India Senior Manager Credit Salary 8 - 14 years exp. (10 salaries)	₹11 L/yr - ₹27.5 L/yr 110% more
Federal Bank Senior Manager Credit Salary 3 - 12 years exp. (8 salaries)	₹14 L/yr - ₹22 L/yr 52% more
Canara Bank Senior Manager Credit Salary 7 - 11 years exp. (5 salaries)	₹18 L/yr - ₹26 L/yr 88% more
Jana Small Finance Bank Senior Manager Credit Salary 6 - 10 years exp. (3 salaries)	₹8.7 L/yr - ₹10.5 L/yr 25% less
Login to view exact salary

Senior Manager Credit salary at Kotak Mahindra Bank ranges between ₹7 Lakhs to ₹15 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 65 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Senior Manager Credit in Mumbai

1mo ago

₹13 Lakhs

3 years exp.

1mo ago

₹9.6 Lakhs

7 years exp.

2mo ago

₹9.5 Lakhs

6 years exp.

4mo ago

₹12.9 Lakhs

5 years exp.

4mo ago

₹13 Lakhs

2 years exp.

6mo ago

4 years exp.

7mo ago

6 years exp.

8mo ago

6 years exp.

8mo ago

6 years exp.

9mo ago

11 years exp.

Experience wise Kotak Mahindra Bank Senior Manager Credit salaries in Mumbai

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
3 years (6 salaries)	₹8 L/yr - ₹13 L/yr
Login to view exact salary
4 years (11 salaries)	₹8.5 L/yr - ₹14 L/yr
5 years (18 salaries)	₹7.5 L/yr - ₹15 L/yr
6 years (14 salaries)	₹7 L/yr - ₹14.5 L/yr
7 years (6 salaries)	₹7.5 L/yr - ₹22.1 L/yr
8 years (6 salaries)	₹7.7 L/yr - ₹14.2 L/yr
9 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
10 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
11 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 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.

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

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Chief Manager Salary

(397 salaries)

₹7.5 L/yr - ₹30 L/yr

Credit Manager Salary

(232 salaries)

₹3.75 L/yr - ₹13 L/yr

Branch Manager Salary

(142 salaries)

₹10 L/yr - ₹30 L/yr

Credit Analyst Salary

(61 salaries)

₹4.84 L/yr - ₹19.48 L/yr

Senior Associate Salary

(25 salaries)

₹1.5 L/yr - ₹3.9 L/yr

Credit Underwriter Salary

(24 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Area Credit Manager Salary

(12 salaries)

₹7 L/yr - ₹18 L/yr

Senior Analyst Salary

(5 salaries)

₹11.5 L/yr - ₹17.9 L/yr

Top skills at Kotak Mahindra Bank for Senior Manager Credit

Credit Risk Banking Credit Analysis

Salary related reviews for Kotak Mahindra Bank

2.3

Rated by 4 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

malleshkuruva

works at

Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Senior Manager Credit Salary FAQs

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

The average salary of a Senior Manager Credit at Kotak Mahindra Bank in Mumbai typically ranges from ₹7.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Senior Manager Credit in Mumbai at Kotak Mahindra Bank earn more than ₹12.9 Lakhs per year, and the top 1% earn over ₹14.9 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 60+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Senior Manager Credit at Kotak Mahindra Bank in Mumbai typically ranges from ₹87,082 to ₹89,365 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 2 years to 11 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 60+ 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 Mumbai?

To be a Senior Manager Credit at Kotak Mahindra Bank in Mumbai, 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?

Union Bank of India	₹11.0 Lakhs to ₹27.5 Lakhs per year
Canara Bank	₹18.0 Lakhs to ₹26.0 Lakhs per year
Bank of Baroda	₹12.5 Lakhs to ₹25.0 Lakhs per year
Federal Bank	₹14.0 Lakhs to ₹22.0 Lakhs per year
Axis Bank	₹10.0 Lakhs to ₹22.0 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 Mumbai?

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

ICICI Bank	₹11.0 Lakhs to ₹21.5 Lakhs per year
HDFC Bank	₹9.0 Lakhs to ₹21.0 Lakhs per year
RBL Bank	₹12.0 Lakhs to ₹17.0 Lakhs per year
Yes Bank	₹8.8 Lakhs to ₹17.0 Lakhs per year
IDFC FIRST Bank	₹9.4 Lakhs to ₹13.5 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 Mumbai?

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

Experience	Average Salary Range
2 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
3 years	₹8.0 Lakhs to ₹13.0 Lakhs per year
4 years	₹8.5 Lakhs to ₹14.0 Lakhs per year
5 years	₹7.5 Lakhs to ₹15.0 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank Senior Manager Credit Salaries >
Kotak Mahindra Bank Senior Manager Credit Salaries in Mumbai

Kotak Mahindra Bank Senior Manager Credit salary in Mumbai ranges between ₹7 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 65 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.