Kotak Mahindra Bank Banking Officer Salaries in India

Likes

Nothing

Dislikes

There is no change in salary even after being promoted… work gets increased but pay is the same… we have to do operations and sales both simultaneously but still no change in salary… it seems as if no work is there…everything is auditable and job security is null but we give daily productivity in that time only still on the basis of ratings salary is dealt… I have tried my best in sales and ops but my Bm gave me 2 star and everything went in vain… then what is the meaning of performing best… And 1st they will hire you and after they will treat you like robot..they don't pay any salary any pramotions...even they don't give you any single holiday..

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.

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.

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.

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.