Kotak Mahindra Bank Mumbai Senior risk manager Salaries by 6 Employees (Updated 2025)

2 - 12 years exp.

₹7 Lakhs - ₹10.8 Lakhs

Salary of majority employees

55% less than the average Senior risk manager Salary in Banking Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior risk manager Salary 9 - 11 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr
Data Science & Analytics Senior risk manager Salary 7 - 12 years exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.8 L/yr
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Finance & Accounting Senior risk manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 2 Jan 2024

Companies similar to Kotak Mahindra Bank for Senior risk manager in Mumbai

Kotak Mahindra Bank Senior risk manager Salary

2 - 12 years exp. (6 salaries)

₹7 L/yr - ₹10.8 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Senior risk manager Salary 9 - 15 years exp. (4 salaries)	₹16 L/yr - ₹22.2 L/yr 119% more
Axis Bank Senior risk manager Salary 8 - 10 years exp. (3 salaries)	₹17 L/yr - ₹19.5 L/yr 105% more
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State Bank of India Senior risk manager Salary 7 - 10 years exp. (3 salaries)	₹16.7 L/yr - ₹21.3 L/yr 107% more
IndusInd Bank Senior risk manager Salary 7 - 15 years exp. (4 salaries)	₹20 L/yr - ₹35 L/yr 167% more
IDFC FIRST Bank Senior risk manager Salary 0 - 7 years exp. (17 salaries)	₹10 L/yr - ₹34.2 L/yr 160% more
Bank of Baroda Senior risk manager Salary 10 - 11 years exp. (3 salaries)	₹21.6 L/yr - ₹27.6 L/yr 168% more

Senior risk manager salary at Kotak Mahindra Bank ranges between ₹7 Lakhs to ₹10.8 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior risk manager salaries in Mumbai

Last Updated: 2 Jan 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹10 L/yr - ₹18.3 L/yr
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹10 L/yr
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4 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
5 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
6 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10.8 L/yr
8 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)	₹7 L/yr - ₹15.2 L/yr
10 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
11 years (AmbitionBox Estimate)	₹7 L/yr - ₹14.3 L/yr
12 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8.5 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

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Senior Associate Salary

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₹1.5 L/yr - ₹3.9 L/yr

Audit Manager Salary

(7 salaries)

₹3.75 L/yr - ₹10 L/yr

Audit Assistant Salary

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₹1.2 L/yr - ₹2.65 L/yr

Finance Manager Salary

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₹5.25 L/yr - ₹6.5 L/yr

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

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

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.

Work-life balance - Good

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.

Skill development - Poor

+1 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Senior risk manager Salary FAQs

What is the salary of Senior risk manager at Kotak Mahindra Bank Mumbai?

Senior risk manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹7.0 Lakhs to ₹10.8 Lakhs for experience between 2 years to 12 years. According to our estimates it is 55% less than the average Senior risk manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Senior risk manager at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Senior risk manager at Kotak Mahindra Bank is 55% less than the average salary of a Senior risk manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Senior risk manager in Mumbai?

Bank of Baroda Senior risk manager Salary - ₹21.6 Lakhs to ₹27.6 Lakhs per year
IndusInd Bank Senior risk manager Salary - ₹20.0 Lakhs to ₹35.0 Lakhs per year
IDFC FIRST Bank Senior risk manager Salary - ₹10.0 Lakhs to ₹34.2 Lakhs per year
ICICI Bank Senior risk manager Salary - ₹16.0 Lakhs to ₹22.2 Lakhs per year
State Bank of India Senior risk manager Salary - ₹16.7 Lakhs to ₹21.3 Lakhs per year

What is the salary of a Senior risk manager in companies similar to Kotak Mahindra Bank in Mumbai?

Axis Bank Senior risk manager Salary - ₹17.0 Lakhs to ₹19.5 Lakhs per year

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

The estimated take-home salary of a Senior risk manager at Kotak Mahindra Bank ranges between ₹65,250 per month to ₹66,915 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Senior risk manager salary in India which ranges between ₹7.0 Lakhs to ₹10.8 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 risk manager at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 50% of the Kotak Mahindra Bank Senior risk managers in Mumbai reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Senior risk manager Salaries in Mumbai

Kotak Mahindra Bank Senior risk manager salary in Mumbai ranges between ₹7 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.