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

7 - 23 years exp.

₹9 Lakhs - ₹18.8 Lakhs

Salary of majority employees

9% 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: 18 Jan 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 - 16 years exp. (64 salaries)	₹5 L/yr - ₹18.8 L/yr 23% less
IDFC FIRST Bank State Credit Manager Salary 11 - 17 years exp. (23 salaries)	₹12.2 L/yr - ₹30 L/yr 65% 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 18% less
SMFG India Credit State Credit Manager Salary 9 - 19 years exp. (36 salaries)	₹9 L/yr - ₹26.2 L/yr 28% more
Aavas Financiers State Credit Manager Salary 5 - 14 years exp. (21 salaries)	₹12 L/yr - ₹18.4 L/yr At par	1 job opening

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.

Experience wise Kotak Mahindra Bank State Credit Manager salaries

Last Updated: 18 Jan 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 - ₹24.2 L/yr
10 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.5 L/yr
11 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.5 L/yr
12 years (AmbitionBox Estimate)	₹11 L/yr - ₹24.4 L/yr
13 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
14 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹14 L/yr
15+ years (8 salaries)	₹13 L/yr - ₹18.8 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Area Credit Manager Salary

(93 salaries)

₹6.5 L/yr - ₹24 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)

₹4 L/yr - ₹14.5 L/yr

Assistant Credit Manager Salary

(23 salaries)

₹2 L/yr - ₹4.1 L/yr

Regional Credit Manager Salary

(27 salaries)

₹16.2 L/yr - ₹30 L/yr

Senior Credit Officer Salary

(3 salaries)

₹2.8 L/yr - ₹3.4 L/yr

Relationship Manager Salary

(2.3k salaries)

₹1.6 L/yr - ₹10 L/yr

Salary related reviews for Kotak Mahindra Bank

4.7

Rated by 2 employees for salary & benefits

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

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.

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

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.

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.

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Kotak Mahindra Bank State Credit Manager Salary FAQs

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

State Credit Manager salary at Kotak Mahindra Bank in India ranges between ₹9.0 Lakhs to ₹18.8 Lakhs for experience between 7 years to 23 years. According to our estimates it is 9% less than the average State Credit Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a State Credit Manager at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a State Credit Manager at Kotak Mahindra Bank is 9% less than the average salary of a State Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a State Credit Manager in India?

IDFC FIRST Bank State Credit Manager Salary - ₹12.2 Lakhs to ₹30.0 Lakhs per year
SMFG India Credit State Credit Manager Salary - ₹9.0 Lakhs to ₹26.2 Lakhs per year
Aavas Financiers State Credit Manager Salary - ₹12.0 Lakhs to ₹18.4 Lakhs per year

What is the salary of a State Credit Manager in companies similar to Kotak Mahindra Bank in India?

RBL Bank State Credit Manager Salary - ₹7.7 Lakhs to ₹14.5 Lakhs per year
IndusInd Bank State Credit Manager Salary - ₹5.0 Lakhs to ₹18.8 Lakhs per year

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 ranges between ₹95,517 per month to ₹98,094 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank State Credit Manager salary in India which ranges between ₹9.0 Lakhs to ₹18.8 Lakhs per year for employees with experience between 7 years to 23 years. Check how did we calculate take home salary?

What is the notice period for State Credit Manager at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank State Credit Managers reported a notice period of 3 Months.This is based on 21 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank State Credit Manager Salaries by Location

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Kotak Mahindra Bank State Credit Manager Salaries

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.