Kotak Mahindra Bank Vice President Procurement Salaries by 3 Employees (Updated 2024)

18 - 20 years exp.

₹41 Lakhs - ₹41.5 Lakhs

Low Confidence

Salary of majority employees

15% less than the average Vice President Procurement Salary in Banking Companies for 18 - 20 years of experience

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Last Updated: 28 Sep 2024

Companies similar to Kotak Mahindra Bank for Vice President Procurement

Company name	Avg Annual Salary	Open Jobs
Rishi FIBC Solutions Vice President Procurement Salary 22 - 27 years exp. (4 salaries)	₹25 L/yr - ₹42 L/yr 17% less
Havmor Ice Cream Vice President Procurement Salary 25 - 29 years exp. (3 salaries)	₹44 L/yr - ₹61 L/yr 34% more
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Varun Beverages Vice President Procurement Salary 18 - 21 years exp. (3 salaries)	₹48 L/yr - ₹75 L/yr 42% more
HIL Vice President Procurement Salary 5 - 32 years exp. (3 salaries)	₹57 L/yr - ₹63 L/yr 46% more
ACC Vice President Procurement Salary 19 - 21 years exp. (3 salaries)	₹89.3 L/yr - ₹98.7 L/yr 128% more

Vice President Procurement salary at Kotak Mahindra Bank ranges between ₹41 Lakhs to ₹41.5 Lakhs per year for employees with experience between 18 years to 20 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Vice President Procurement salaries

Last Updated: 28 Sep 2024

Experience	Avg Annual Salary
15+ years (3 salaries)	₹41 L/yr - ₹41.5 L/yr
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Similar Designation salaries in Kotak Mahindra Bank

Procurement Specialist Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

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₹10 L/yr - ₹36 L/yr

Assistant Vice President Salary

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₹11.29 L/yr - ₹36 L/yr

Purchase Executive Salary

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₹3.62 L/yr - ₹4.5 L/yr

Director Salary

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₹51 L/yr - ₹94 L/yr

Sourcing Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Purchase Manager Salary

(3 salaries)

₹5.4 L/yr - ₹7 L/yr

General Manager Salary

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₹20.24 L/yr - ₹24 L/yr

Deputy General Manager Salary

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₹8.15 L/yr - ₹28.46 L/yr

Salary related reviews for Kotak Mahindra Bank

Associate Vice President in Nashik

Full Time

Sales & Business Development Department

5.0

• posted on 22 Nov 2024

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank is such wonderful Bank to work. Bank having very good peocess and system.

Dislikes

...nd so many people act like they are running bank business like proprietary firm. Need to be appreciated the true hard working employee with salary increments as well.

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.

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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

2 participants . expiring in 2w

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Kotak Mahindra Bank Vice President Procurement Salary FAQs

What is the notice period for Vice President Procurement at Kotak Mahindra Bank?

According to AmbitionBox, 33% of the Kotak Mahindra Bank Vice President Procurements reported a notice period of 1 Month, 34% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Vice President Procurement Salaries

Kotak Mahindra Bank Vice President Procurement salary in India ranges between ₹41 Lakhs to ₹41.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.