Kotak Mahindra Bank State Collection Manager Salaries by 6 Employees

14 - 16 years exp.

₹6.8 Lakhs - ₹17.8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

16% less than the average State Collection Manager Salary in Banking Companies for 14 - 16 years of experience

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Salaries in different departments

Finance & Accounting State Collection Manager Salary 14 - 16 years exp. (3 salaries)	₹6.8 L/yr - ₹11 L/yr
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BFSI, Investments & Trading State Collection Manager Salary 14 - 16 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹19.6 L/yr

Last Updated: 8 Mar 2024

Companies similar to Kotak Mahindra Bank for State Collection Manager

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank State Collection Manager Salary 10 - 18 years exp. (9 salaries)	₹11 L/yr - ₹16.8 L/yr 14% more
Axis Bank State Collection Manager Salary 14 - 20 years exp. (3 salaries)	₹11.2 L/yr - ₹14.5 L/yr At par
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SMFG India Credit State Collection Manager Salary 13 - 22 years exp. (39 salaries)	₹9.3 L/yr - ₹26.7 L/yr 28% more	1 job opening
Hero FinCorp State Collection Manager Salary 13 - 25 years exp. (18 salaries)	₹12 L/yr - ₹27.4 L/yr 46% more
Shriram Finance State Collection Manager Salary 13 - 18 years exp. (7 salaries)	₹10 L/yr - ₹15 L/yr 6% more

State Collection Manager salary at Kotak Mahindra Bank ranges between ₹6.8 Lakhs to ₹17.8 Lakhs per year for employees with experience between 14 years to 16 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank State Collection Manager salaries

Last Updated: 8 Mar 2024

Experience	Avg Annual Salary
14 years (3 salaries)	₹11 L/yr - ₹17.8 L/yr
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15+ years (3 salaries)	₹6.8 L/yr - ₹17.8 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Area Collection Manager Salary

(77 salaries)

₹6.05 L/yr - ₹16.25 L/yr

Branch Collection Manager Salary

(3 salaries)

₹5.3 L/yr - ₹10 L/yr

Zonal Collection Manager Salary

(4 salaries)

₹26 L/yr - ₹36 L/yr

Collections Manager Salary

(306 salaries)

₹1.75 L/yr - ₹9.83 L/yr

Regional Collection Manager Salary

(9 salaries)

₹14 L/yr - ₹26 L/yr

Territory Collection Manager Salary

(6 salaries)

₹3.9 L/yr - ₹6.85 L/yr

Senior Area Collection Manager Salary

(AmbitionBox Estimate)

₹9.3 L/yr - ₹11.8 L/yr

Senior Collection Officer Salary

(3 salaries)

₹2.4 L/yr - ₹2.5 L/yr

Collection Officer Salary

(49 salaries)

₹1.6 L/yr - ₹4.05 L/yr

Recovery Manager Salary

(23 salaries)

₹1.8 L/yr - ₹8.42 L/yr

Salary related reviews for Kotak Mahindra Bank

3.2

Rated by 2 employees for salary & benefits

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

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

Salary - Poor

+4 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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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 State Collection Manager Salary FAQs

What is the salary of State Collection Manager at Kotak Mahindra Bank ?

The average salary of a State Collection Manager at Kotak Mahindra Bank in India typically ranges from ₹6.8 Lakhs to ₹17.8 Lakhs per year, depending on experience (from 14 years to 16 years).

The top 10% of State Collection Manager at Kotak Mahindra Bank earn more than ₹17.8 Lakhs per year, and the top 1% earn over ₹17.8 Lakhs per year. State Collection Manager 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 6 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a State Collection Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a State Collection Manager at Kotak Mahindra Bank in India typically ranges from ₹90,280 to ₹92,653 per month. This is based on the average salary range of ₹6.8 Lakhs to ₹17.8 Lakhs per year for employees with experience ranging from 14 years to 16 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 6 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 State Collection Manager in India?

Hero FinCorp	₹12.0 Lakhs to ₹27.4 Lakhs per year
SMFG India Credit	₹9.3 Lakhs to ₹26.7 Lakhs per year
IndusInd Bank	₹11.0 Lakhs to ₹16.8 Lakhs per year
Shriram Finance	₹10.0 Lakhs to ₹15.0 Lakhs per year
Axis Bank	₹11.2 Lakhs to ₹14.5 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.

How the salary growth look like for a State Collection Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
14 years	₹11.0 Lakhs to ₹17.8 Lakhs per year
15 years	₹6.8 Lakhs to ₹17.8 Lakhs per year

and so on.

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Kotak Mahindra Bank State Collection Manager Salaries

Kotak Mahindra Bank State Collection Manager salary in India ranges between ₹6.8 Lakhs to ₹17.8 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.