Kotak Mahindra Bank Mumbai Vice President Salaries by 200+ Employees (Updated 2025)

12 - 21 years exp.

₹22.9 Lakhs - ₹60 Lakhs

Salary of majority employees

11% less than the average Vice President Salary in Banking Companies for 12 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading Vice President Salary 12 - 21 years exp. (68 salaries)	₹19.2 L/yr - ₹59.7 L/yr
Product Management Vice President Salary 12 - 21 years exp. (21 salaries)	₹26 L/yr - ₹50 L/yr
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Risk Management & Compliance Vice President Salary 12 - 21 years exp. (19 salaries)	₹18.8 L/yr - ₹60 L/yr
Strategic & Top Management Vice President Salary 12 - 20 years exp. (17 salaries)	₹25 L/yr - ₹50.5 L/yr
Project & Program Management Vice President Salary 14 - 19 years exp. (15 salaries)	₹25 L/yr - ₹55 L/yr

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Last Updated: 8 Jan 2025

Companies similar to Kotak Mahindra Bank for Vice President in Mumbai

Kotak Mahindra Bank Vice President Salary

12 - 21 years exp. (283 salaries)

₹22.9 L/yr - ₹60 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Vice President Salary 13 - 25 years exp. (163 salaries)	₹25 L/yr - ₹68.6 L/yr 21% more	1 job opening
ICICI Bank Vice President Salary 7 - 15 years exp. (12 salaries)	₹24 L/yr - ₹55 L/yr 10% less
Login to view exact salary
Axis Bank Vice President Salary 10 - 26 years exp. (400 salaries)	₹25.9 L/yr - ₹69 L/yr 3% more
State Bank of India Vice President Salary 6 - 15 years exp. (7 salaries)	₹15 L/yr - ₹31 L/yr 51% less
Yes Bank Vice President Salary 7 - 23 years exp. (708 salaries)	₹11 L/yr - ₹35 L/yr 42% less	1 job opening
IDFC FIRST Bank Vice President Salary 12 - 22 years exp. (176 salaries)	₹17.4 L/yr - ₹60 L/yr 3% less
RBL Bank Vice President Salary 12 - 21 years exp. (133 salaries)	₹15.8 L/yr - ₹52 L/yr 6% less
IndusInd Bank Vice President Salary 11 - 23 years exp. (111 salaries)	₹18 L/yr - ₹55 L/yr 1% more
Chase Bank Vice President Salary 13 - 18 years exp. (11 salaries)	₹35 L/yr - ₹70 L/yr 20% more
Barclays Investment Bank Vice President Salary 9 - 16 years exp. (7 salaries)	₹32 L/yr - ₹50 L/yr 10% more
Jana Small Finance Bank Vice President Salary 15 - 21 years exp. (6 salaries)	₹21.7 L/yr - ₹37.1 L/yr 29% less
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Shinhan Bank Vice President Salary 10 - 17 years exp. (5 salaries)	₹20 L/yr - ₹31 L/yr 39% less
HSBC Global Banking and Markets Vice President Salary 9 - 20 years exp. (4 salaries)	₹21 L/yr - ₹48.4 L/yr 3% more
Bandhan Bank Vice President Salary 23 - 25 years exp. (3 salaries)	₹44 L/yr - ₹53.2 L/yr 12% more
Bank of Baroda Vice President Salary 10 - 14 years exp. (3 salaries)	₹32 L/yr - ₹35 L/yr 20% less
Utkarsh Small Finance Bank Vice President Salary 16 - 30 years exp. (3 salaries)	₹35 L/yr - ₹65 L/yr 19% more
Baroda Global Shared Services Vice President Salary 19 - 23 years exp. (3 salaries)	₹24 L/yr - ₹37 L/yr 13% less

Vice President salary at Kotak Mahindra Bank ranges between ₹22.9 Lakhs to ₹60 Lakhs per year for employees with experience between 12 years to 21 years. Salary estimates are based on 283 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Vice President salaries in Mumbai

Last Updated: 8 Jan 2025

Experience	Avg Annual Salary
12 years (28 salaries)	₹23.7 L/yr - ₹55 L/yr
13 years (29 salaries)	₹23 L/yr - ₹55 L/yr
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14 years (43 salaries)	₹22.1 L/yr - ₹60 L/yr
15+ years (183 salaries)	₹22.1 L/yr - ₹59.7 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Associate Vice President Salary

(704 salaries)

₹10 L/yr - ₹40 L/yr

Branch Manager Salary

(134 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Assistant Vice President Salary

(124 salaries)

₹11.29 L/yr - ₹36.73 L/yr

Senior Vice President Salary

(97 salaries)

₹30 L/yr - ₹80 L/yr

Branch Head Salary

(26 salaries)

₹8 L/yr - ₹22 L/yr

Director Salary

(3 salaries)

₹51 L/yr - ₹75 L/yr

Vice President Operations Salary

(3 salaries)

₹26 L/yr - ₹46 L/yr

Top skills at Kotak Mahindra Bank for Vice President

Simulation Compensation Management Data Analytics Compensation HR Analytics

Salary related reviews for Kotak Mahindra Bank

3.6

Rated by 16 employees for salary & benefits

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

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.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Vice President Salary FAQs

What is the salary of Vice President at Kotak Mahindra Bank Mumbai?

Vice President salary at Kotak Mahindra Bank in Mumbai ranges between ₹22.9 Lakhs to ₹60.0 Lakhs for experience between 12 years to 21 years. According to our estimates it is 11% less than the average Vice President Salary in India. Salary estimates are based on 283 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Vice President at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Vice President at Kotak Mahindra Bank is 11% less than the average salary of a Vice President in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Vice President at Kotak Mahindra Bank?

Simulation, Compensation Management, Data Analytics, Compensation and HR Analytics are some of the popular skills required to work as a Vice President at Kotak Mahindra Bank Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Vice President in Mumbai?

HDFC Bank Vice President Salary - ₹25.0 Lakhs to ₹68.6 Lakhs per year
Chase Bank Vice President Salary - ₹35.0 Lakhs to ₹70.0 Lakhs per year
Utkarsh Small Finance Bank Vice President Salary - ₹35.0 Lakhs to ₹65.0 Lakhs per year
Bandhan Bank Vice President Salary - ₹44.0 Lakhs to ₹53.2 Lakhs per year
Barclays Investment Bank Vice President Salary - ₹32.0 Lakhs to ₹50.0 Lakhs per year

What is the salary of a Vice President in companies similar to Kotak Mahindra Bank in Mumbai?

Axis Bank Vice President Salary - ₹25.9 Lakhs to ₹69.0 Lakhs per year
HSBC Global Banking and Markets Vice President Salary - ₹21.0 Lakhs to ₹48.4 Lakhs per year
IndusInd Bank Vice President Salary - ₹18.0 Lakhs to ₹55.0 Lakhs per year
IDFC FIRST Bank Vice President Salary - ₹17.4 Lakhs to ₹60.0 Lakhs per year
RBL Bank Vice President Salary - ₹15.8 Lakhs to ₹52.0 Lakhs per year

What is the estimated take home salary of a Vice President at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Vice President at Kotak Mahindra Bank ranges between ₹2,45,710 per month to ₹2,55,683 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Vice President salary in India which ranges between ₹22.9 Lakhs to ₹60.0 Lakhs per year for employees with experience between 12 years to 21 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 88% of the Kotak Mahindra Bank Vice Presidents in Mumbai reported a notice period of 3 Months, 8% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 156 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Vice President Salaries in Mumbai

Kotak Mahindra Bank Vice President salary in Mumbai ranges between ₹22.9 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 283 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.