Kotak Mahindra Bank Senior Vice President Operations Salaries by 5 Employees

10 - 24 years exp.

₹35 Lakhs - ₹60 Lakhs

Low Confidence

Salary of majority employees

36% less than the average Senior Vice President Operations Salary in Banking Companies for 10 - 24 years of experience

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Last Updated: 6 Jan 2024

Companies similar to Kotak Mahindra Bank for Senior Vice President Operations

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Senior Vice President Operations Salary 13 - 21 years exp. (4 salaries)	₹35 L/yr - ₹65 L/yr 3% more
Yes Bank Senior Vice President Operations Salary 17 - 20 years exp. (4 salaries)	₹21 L/yr - ₹26 L/yr 39% less
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HDFC Bank Senior Vice President Operations Salary 21 - 25 years exp. (4 salaries)	₹70 L/yr - ₹85 L/yr 88% more
RBL Bank Senior Vice President Operations Salary 20 - 30 years exp. (4 salaries)	₹55 L/yr - ₹1 Cr/yr 83% more
Axis Bank Senior Vice President Operations Salary 6 - 21 years exp. (4 salaries)	₹60.2 L/yr - ₹80 L/yr 68% more
IDFC FIRST Bank Senior Vice President Operations Salary 14 - 21 years exp. (3 salaries)	₹55 L/yr - ₹70 L/yr 48% more

Senior Vice President Operations salary at Kotak Mahindra Bank ranges between ₹35 Lakhs to ₹60 Lakhs per year for employees with experience between 10 years to 24 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior Vice President Operations salaries

Last Updated: 6 Jan 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹42.5 L/yr - ₹78.5 L/yr
11 years (AmbitionBox Estimate)	₹39 L/yr - ₹49.8 L/yr
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12 years (AmbitionBox Estimate)	₹38.7 L/yr - ₹49.5 L/yr
13 years (AmbitionBox Estimate)	₹38.5 L/yr - ₹49.1 L/yr
14 years (AmbitionBox Estimate)	₹38.2 L/yr - ₹48.8 L/yr
15+ years (4 salaries)	₹35 L/yr - ₹60 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

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Store Manager Salary

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₹3.4 L/yr - ₹4.4 L/yr

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Salary related reviews for Kotak Mahindra Bank

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

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 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

see more salary related reviews

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Kotak Mahindra Bank

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

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Kotak Mahindra Bank Senior Vice President Operations Salary FAQs

What is the salary of Senior Vice President Operations at Kotak Mahindra Bank ?

The average salary of a Senior Vice President Operations at Kotak Mahindra Bank in India typically ranges from ₹35.0 Lakhs to ₹60.0 Lakhs per year, depending on experience (from 10 years to 24 years).

The top 10% of Senior Vice President Operations at Kotak Mahindra Bank earn more than ₹60.0 Lakhs per year, and the top 1% earn over ₹60.0 Lakhs per year. Senior Vice President Operations 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 5 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Senior Vice President Operations at Kotak Mahindra Bank in India?

The estimated take-home salary of a Senior Vice President Operations at Kotak Mahindra Bank in India typically ranges from ₹2,46,858 to ₹2,56,882 per month. This is based on the average salary range of ₹35.0 Lakhs to ₹60.0 Lakhs per year for employees with experience ranging from 10 years to 24 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 5 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Senior Vice President Operations in India?

HDFC Bank	₹70.0 Lakhs to ₹85.0 Lakhs per year
RBL Bank	₹55.0 Lakhs to ₹100.0 Lakhs per year
Axis Bank	₹60.2 Lakhs to ₹80.0 Lakhs per year
IDFC FIRST Bank	₹55.0 Lakhs to ₹70.0 Lakhs per year
IndusInd Bank	₹35.0 Lakhs to ₹65.0 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 Vice President Operations in companies similar to Kotak Mahindra Bank in India?

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

Yes Bank

₹21.0 Lakhs to ₹26.0 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 Vice President Operations at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
10 years	₹42.5 Lakhs to ₹78.5 Lakhs per year
11 years	₹39.0 Lakhs to ₹49.8 Lakhs per year
12 years	₹38.7 Lakhs to ₹49.5 Lakhs per year
13 years	₹38.5 Lakhs to ₹49.1 Lakhs per year

and so on.

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Kotak Mahindra Bank Senior Vice President Operations Salaries

Kotak Mahindra Bank Senior Vice President Operations salary in India ranges between ₹35 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.