Kotak Mahindra Bank State Credit Manager Salaries by 10+ Employees (Updated 2025)

7 - 23 years exp.

₹9 Lakhs - ₹18.8 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

13% less than the average State Credit Manager Salary in Banking Companies for 7 - 23 years of experience

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Salaries in different departments

Finance & Accounting State Credit Manager Salary 7 - 21 years exp. (6 salaries)	₹9.5 L/yr - ₹17.5 L/yr
BFSI, Investments & Trading State Credit Manager Salary 12 - 17 years exp. (5 salaries)	₹11 L/yr - ₹15 L/yr
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Risk Management & Compliance State Credit Manager Salary 7 - 23 years exp. (3 salaries)	₹9 L/yr - ₹18.8 L/yr

Last Updated: 24 Feb 2025

Companies similar to Kotak Mahindra Bank for State Credit Manager

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank State Credit Manager Salary 3 - 17 years exp. (68 salaries)	₹5 L/yr - ₹17 L/yr 19% less
IDFC FIRST Bank State Credit Manager Salary 11 - 18 years exp. (27 salaries)	₹12.2 L/yr - ₹30 L/yr 66% more
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RBL Bank State Credit Manager Salary 10 - 11 years exp. (3 salaries)	₹7.7 L/yr - ₹14.5 L/yr 15% less
Aavas Financiers State Credit Manager Salary 5 - 16 years exp. (31 salaries)	₹10.4 L/yr - ₹21.3 L/yr 12% more	1 job opening
SMFG India Credit State Credit Manager Salary 12 - 19 years exp. (27 salaries)	₹9 L/yr - ₹24.5 L/yr 33% more

State Credit Manager salary at Kotak Mahindra Bank ranges between ₹9 Lakhs to ₹18.8 Lakhs per year for employees with experience between 7 years to 23 years. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank State Credit Manager

3d ago

₹9.5 Lakhs

9 years exp.

1mo ago

₹17.5 Lakhs

18 years exp.

7mo ago

₹15.1 Lakhs

8 years exp.

10mo ago

₹15 Lakhs

18 years exp.

11mo ago

₹15 Lakhs

17 years exp.

1y ago

17 years exp.

1y ago

15 years exp.

1y ago

23 years exp.

1y ago

17 years exp.

1y ago

8 years exp.

Experience wise Kotak Mahindra Bank State Credit Manager salaries

Last Updated: 24 Feb 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹9 L/yr - ₹15.1 L/yr
8 years (AmbitionBox Estimate)	₹9 L/yr - ₹15.1 L/yr
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9 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹23.3 L/yr
10 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
11 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
12 years (AmbitionBox Estimate)	₹11 L/yr - ₹23.5 L/yr
13 years (AmbitionBox Estimate)	₹11.8 L/yr - ₹15.1 L/yr
14 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹14 L/yr
15+ years (8 salaries)	₹13 L/yr - ₹18.8 L/yr

View all

From

State Credit Manager

7 - 23 years exp.

Regional Credit Manager

9 - 20 years exp.

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

Area Credit Manager Salary

(73 salaries)

₹6.5 L/yr - ₹23.6 L/yr

Branch Credit Manager Salary

(20 salaries)

₹4.85 L/yr - ₹9.5 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹30.5 L/yr - ₹42.5 L/yr

Cluster Credit Manager Salary

(4 salaries)

₹7 L/yr - ₹13.5 L/yr

Deputy Credit Manager Salary

(22 salaries)

₹3.75 L/yr - ₹6 L/yr

Credit Manager Salary

(1k salaries)

₹3.77 L/yr - ₹15 L/yr

Assistant Credit Manager Salary

(22 salaries)

₹2 L/yr - ₹4.1 L/yr

Regional Credit Manager Salary

(27 salaries)

₹16.2 L/yr - ₹27 L/yr

Senior Credit Officer Salary

(3 salaries)

₹2.8 L/yr - ₹3.4 L/yr

Relationship Manager Salary

(2.5k salaries)

₹1.5 L/yr - ₹10 L/yr

Salary related reviews for Kotak Mahindra Bank

4.6

Rated by 2 employees for salary & benefits

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

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

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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 Credit Manager Salary FAQs

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

The average salary of a State Credit Manager at Kotak Mahindra Bank in India typically ranges from ₹9.0 Lakhs to ₹18.8 Lakhs per year, depending on experience (from 7 years to 23 years).

The top 10% of State Credit Manager at Kotak Mahindra Bank earn more than ₹17.5 Lakhs per year, and the top 1% earn over ₹18.8 Lakhs per year. State Credit 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 10+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a State Credit Manager at Kotak Mahindra Bank in India typically ranges from ₹92,613 to ₹95,096 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹18.8 Lakhs per year for employees with experience ranging from 7 years to 23 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 10+ 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 Credit Manager in India?

IDFC FIRST Bank	₹12.2 Lakhs to ₹30.0 Lakhs per year
SMFG India Credit	₹9.0 Lakhs to ₹24.5 Lakhs per year
Aavas Financiers	₹10.4 Lakhs to ₹21.3 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 State Credit Manager in companies similar to Kotak Mahindra Bank in India?

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

RBL Bank	₹7.7 Lakhs to ₹14.5 Lakhs per year
IndusInd Bank	₹5.0 Lakhs to ₹17.0 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 State Credit Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
7 years	₹9.0 Lakhs to ₹15.1 Lakhs per year
8 years	₹9.0 Lakhs to ₹15.1 Lakhs per year
9 years	₹9.5 Lakhs to ₹23.3 Lakhs per year
10 years	₹11.7 Lakhs to ₹14.9 Lakhs per year

and so on.

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Kotak Mahindra Bank State Credit Manager salary in India ranges between ₹9 Lakhs to ₹18.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.