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Kotak Mahindra Bank Senior Vice President salaries in Mumbai (Updated 2025)

Annual salary range
15 - 24 years exp.
₹30 Lakhs - ₹80 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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At par with the average Senior Vice President Salary in Banking Companies for 15 - 24 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Vice President Salary
15 - 24 years exp. (20 salaries)
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₹35 L/yr - ₹73 L/yr

Strategic & Top Management
Senior Vice President Salary
15 - 24 years exp. (10 salaries)
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₹30 L/yr - ₹73 L/yr

Risk Management & Compliance
Senior Vice President Salary
16 - 22 years exp. (7 salaries)
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₹40 L/yr - ₹58.1 L/yr

Customer Success, Service & Operations
Senior Vice President Salary
18 - 24 years exp. (5 salaries)
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₹41 L/yr - ₹66 L/yr

Product Management
Senior Vice President Salary
15 - 20 years exp. (5 salaries)
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₹55 L/yr - ₹80 L/yr

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Last Updated: 20 Mar 2025

Companies similar to Kotak Mahindra Bank for Senior Vice President in Mumbai

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Kotak Mahindra Bank Senior Vice President Salary

15 - 24 years exp. (92 salaries)

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₹30 L/yr - ₹80 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Yes Bank Senior Vice President Salary

10 - 23 years exp. (447 salaries)

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₹15 L/yr - ₹44.7 L/yr

arrow icon 42% less
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Axis Bank Senior Vice President Salary

13 - 27 years exp. (149 salaries)

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₹36 L/yr - ₹1.1 Cr/yr

arrow icon 18% more
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HDFC Bank Senior Vice President Salary

15 - 26 years exp. (79 salaries)

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₹34 L/yr - ₹1.2 Cr/yr

arrow icon 22% more
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IndusInd Bank Senior Vice President Salary

12 - 26 years exp. (66 salaries)

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₹26 L/yr - ₹95 L/yr

arrow icon 8% less
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IDFC FIRST Bank Senior Vice President Salary

13 - 20 years exp. (43 salaries)

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₹28 L/yr - ₹94 L/yr

arrow icon 5% less
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RBL Bank Senior Vice President Salary

14 - 24 years exp. (33 salaries)

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₹37 L/yr - ₹95 L/yr

arrow icon 4% more
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ICICI Bank Senior Vice President Salary

10 - 28 years exp. (4 salaries)

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₹37 L/yr - ₹86 L/yr

arrow icon 9% less
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Shinhan Bank Senior Vice President Salary

18 - 22 years exp. (4 salaries)

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₹34 L/yr - ₹48 L/yr

arrow icon 31% less
Senior Vice President salary at Kotak Mahindra Bank ranges between ₹30 Lakhs to ₹80 Lakhs per year for employees with experience between 15 years to 24 years. Salary estimates are based on 92 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Senior Vice President in Mumbai

2w ago
₹70 Lakhs
17 years exp.
2w ago
₹55 Lakhs
17 years exp.
1mo ago
₹61 Lakhs
21 years exp.
1mo ago
₹35 Lakhs
24 years exp.
2mo ago
₹55 Lakhs
20 years exp.
2mo ago
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19 years exp.
2mo ago
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15 years exp.
3mo ago
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22 years exp.
3mo ago
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15 years exp.
3mo ago
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21 years exp.

Experience wise Kotak Mahindra Bank Senior Vice President salaries in Mumbai

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
15+ years  (92 salaries)

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₹30 L/yr - ₹80 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹9.7 L/yr - ₹37 L/yr
Branch Manager Salary
(142 salaries)
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₹10 L/yr - ₹30 L/yr
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₹11.29 L/yr - ₹36.23 L/yr
Project Manager Salary
(48 salaries)
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₹5.3 L/yr - ₹23.41 L/yr
Branch Head Salary
(26 salaries)
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₹8 L/yr - ₹22 L/yr
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₹5.2 L/yr - ₹12 L/yr
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₹31 L/yr - ₹55 L/yr

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 6 employees for salary & benefits

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.

read more
  • Work satisfaction - Poor
  • +2 more

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.

read more
  • Salary - Poor
  • +4 more

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

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Salary - Bad

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.

read more
  • 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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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Senior Vice President Salary FAQs

What is the salary of Senior Vice President at Kotak Mahindra Bank in Mumbai?
The average salary of a Senior Vice President at Kotak Mahindra Bank in Mumbai typically ranges from ₹30.0 Lakhs to ₹80.0 Lakhs per year, depending on experience (from 15 years to 24 years).

The top 10% of Senior Vice President in Mumbai at Kotak Mahindra Bank earn more than ₹72.0 Lakhs per year, and the top 1% earn over ₹80.0 Lakhs per year. Senior Vice President 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 90+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Senior Vice President at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Senior Vice President at Kotak Mahindra Bank in Mumbai typically ranges from ₹3,24,364 to ₹3,36,556 per month. This is based on the average salary range of ₹30.0 Lakhs to ₹80.0 Lakhs per year for employees with experience ranging from 15 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 90+ 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 in India?
HDFC Bank ₹34.0 Lakhs to ₹115.0 Lakhs per year
Axis Bank ₹36.0 Lakhs to ₹110.0 Lakhs per year
RBL Bank ₹37.0 Lakhs to ₹95.0 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 in companies similar to Kotak Mahindra Bank in Mumbai?
The salary of a Senior Vice President at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank ₹28.0 Lakhs to ₹94.0 Lakhs per year
IndusInd Bank ₹26.0 Lakhs to ₹95.0 Lakhs per year
ICICI Bank ₹37.0 Lakhs to ₹86.0 Lakhs per year
Shinhan Bank ₹34.0 Lakhs to ₹48.0 Lakhs per year
Yes Bank ₹15.0 Lakhs to ₹44.7 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 Vice President at Kotak Mahindra Bank in Mumbai?
The salary growth for a Senior Vice President at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Vice President in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
15 years ₹30.0 Lakhs to ₹80.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Senior Vice President salary in Mumbai ranges between ₹30 Lakhs to ₹80 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 92 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.