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

9 - 20 years exp.

₹10.2 Lakhs - ₹19 Lakhs

Salary of majority employees

12% less than the average State Head Salary in Banking Companies for 9 - 20 years of experience

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Salaries in different departments

Sales & Business Development State Head Salary 9 - 20 years exp. (9 salaries)	₹13.4 L/yr - ₹19 L/yr
BFSI, Investments & Trading State Head Salary 10 - 14 years exp. (AmbitionBox Estimate)	₹10.2 L/yr - ₹13.9 L/yr
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Finance & Accounting State Head Salary 10 years exp. (AmbitionBox Estimate)	₹13.9 L/yr - ₹16.5 L/yr

Last Updated: 8 Feb 2025

Companies similar to Kotak Mahindra Bank for State Head

Company name	Avg Annual Salary	Open Jobs
HDFC Bank State Head Salary 10 - 18 years exp. (22 salaries)	₹9 L/yr - ₹32 L/yr 32% more
ICICI Bank State Head Salary 10 - 25 years exp. (4 salaries)	₹18.8 L/yr - ₹24 L/yr 57% more
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Axis Bank State Head Salary 10 - 18 years exp. (42 salaries)	₹9.2 L/yr - ₹28 L/yr 23% more
State Bank of India State Head Salary 10 - 22 years exp. (3 salaries)	₹5 L/yr - ₹40 L/yr 41% more
IndusInd Bank State Head Salary 11 - 20 years exp. (72 salaries)	₹7.6 L/yr - ₹27.2 L/yr 15% more
Yes Bank State Head Salary 12 - 16 years exp. (9 salaries)	₹14.5 L/yr - ₹21.9 L/yr 23% more
Federal Bank State Head Salary 12 - 16 years exp. (4 salaries)	₹21 L/yr - ₹24 L/yr 59% more
IDFC FIRST Bank State Head Salary 5 - 18 years exp. (327 salaries)	₹6.3 L/yr - ₹26 L/yr 9% more
RBL Bank State Head Salary 12 - 21 years exp. (16 salaries)	₹13.8 L/yr - ₹25 L/yr 35% more
Bandhan Bank State Head Salary 15 - 18 years exp. (6 salaries)	₹22.7 L/yr - ₹32 L/yr 70% more
Ujjivan Small Finance Bank State Head Salary 9 - 17 years exp. (5 salaries)	₹17 L/yr - ₹23.1 L/yr 33% more
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Karur Vysya Bank State Head Salary 15 - 22 years exp. (5 salaries)	₹11 L/yr - ₹25.3 L/yr 21% more
Jana Small Finance Bank State Head Salary 13 - 18 years exp. (4 salaries)	₹13.7 L/yr - ₹23 L/yr 23% more
Paytm Payments Bank State Head Salary 10 - 12 years exp. (3 salaries)	₹14.1 L/yr - ₹16 L/yr 9% more

State Head salary at Kotak Mahindra Bank ranges between ₹10.2 Lakhs to ₹19 Lakhs per year for employees with experience between 9 years to 20 years. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank State Head salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹15.5 L/yr
10 years (3 salaries)	₹10.2 L/yr - ₹16.5 L/yr
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11 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
12 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
13 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
14 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹25.1 L/yr
15+ years (11 salaries)	₹10.5 L/yr - ₹19 L/yr

View all

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₹1.65 L/yr - ₹8.5 L/yr

Business Manager Salary

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Regional Manager Salary

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₹4.65 L/yr - ₹20.15 L/yr

Top skills at Kotak Mahindra Bank for State Head

channel management Switching Consumer Durables Business Development PBX Sales Consumer Finance

Salary related reviews for Kotak Mahindra Bank

3.1

Rated by 3 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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank State Head Salary FAQs

What is the salary of State Head at Kotak Mahindra Bank ?

The average salary of a State Head at Kotak Mahindra Bank in India typically ranges from ₹10.2 Lakhs to ₹19.0 Lakhs per year, depending on experience (from 9 years to 20 years).

The top 10% of State Head at Kotak Mahindra Bank earn more than ₹18.8 Lakhs per year, and the top 1% earn over ₹19.0 Lakhs per year. State Head 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 Head at Kotak Mahindra Bank in India?

The estimated take-home salary of a State Head at Kotak Mahindra Bank in India typically ranges from ₹97,433 to ₹1,00,072 per month. This is based on the average salary range of ₹10.2 Lakhs to ₹19.0 Lakhs per year for employees with experience ranging from 9 years to 20 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.

What are the key skills required to be a State Head at Kotak Mahindra Bank ?

To be a State Head at Kotak Mahindra Bank in india, the key skills required include:

- channel management
- Switching
- Consumer Durables
- Business Development
- PBX

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra Bank for State Head in India?

Bandhan Bank	₹22.7 Lakhs to ₹32.0 Lakhs per year
Federal Bank	₹21.0 Lakhs to ₹24.0 Lakhs per year
ICICI Bank	₹18.8 Lakhs to ₹24.0 Lakhs per year
State Bank of India	₹5.0 Lakhs to ₹40.0 Lakhs per year
RBL Bank	₹13.8 Lakhs to ₹25.0 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 State Head in companies similar to Kotak Mahindra Bank in India?

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

Ujjivan Small Finance Bank	₹17.0 Lakhs to ₹23.1 Lakhs per year
HDFC Bank	₹9.0 Lakhs to ₹32.0 Lakhs per year
Yes Bank	₹14.5 Lakhs to ₹21.9 Lakhs per year
Jana Small Finance Bank	₹13.7 Lakhs to ₹23.0 Lakhs per year
Axis Bank	₹9.2 Lakhs to ₹28.0 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 Head at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
9 years	₹5.6 Lakhs to ₹15.5 Lakhs per year
10 years	₹10.2 Lakhs to ₹16.5 Lakhs per year
11 years	₹12.6 Lakhs to ₹16.1 Lakhs per year
12 years	₹12.6 Lakhs to ₹16.1 Lakhs per year

and so on.

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Kotak Mahindra Bank State Head Salaries

Kotak Mahindra Bank State Head salary in India ranges between ₹10.2 Lakhs to ₹19 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.