Kotak Mahindra Prime Recovery Manager Salaries by 3 Employees (Updated 2025)

4 - 6 years exp.

₹3.6 Lakhs - ₹4.3 Lakhs

Low Confidence

Salary of majority employees

29% less than the average Recovery Manager Salary in NBFC Companies for 4 - 6 years of experience

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Last Updated: 4 Jan 2025

Companies similar to Kotak Mahindra Prime for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Recovery Manager Salary 5 - 18 years exp. (17 salaries)	₹3.5 L/yr - ₹10.9 L/yr 88% more
ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 87% more
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Axis Bank Recovery Manager Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹9 L/yr 31% more
Bajaj Finance Recovery Manager Salary 1 - 8 years exp. (7 salaries)	₹3.5 L/yr - ₹6.2 L/yr 23% more
Mahindra Finance Recovery Manager Salary 4 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹4.5 L/yr 2% more
Sammaan Capital Limited Recovery Manager Salary 5 - 11 years exp. (4 salaries)	₹4 L/yr - ₹4.5 L/yr 10% more
PNB Housing Finance Recovery Manager Salary 2 - 10 years exp. (10 salaries)	₹3 L/yr - ₹6 L/yr 33% more
Kinara Capital Recovery Manager Salary 5 - 10 years exp. (5 salaries)	₹3 L/yr - ₹4.8 L/yr 6% less
Shubham Housing Development Finance Recovery Manager Salary 7 - 10 years exp. (4 salaries)	₹3.5 L/yr - ₹4.8 L/yr 11% more
Hero FinCorp Recovery Manager Salary 4 - 6 years exp. (3 salaries)	₹0.7 L/yr - ₹6.8 L/yr 13% less
Vistaar Finance Recovery Manager Salary 13 - 15 years exp. (3 salaries)	₹4.9 L/yr - ₹7.5 L/yr 60% more
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Mahindra Rural Housing Finance Recovery Manager Salary 2 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 46% less

Recovery Manager salary at Kotak Mahindra Prime ranges between ₹3.6 Lakhs to ₹4.3 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Prime.

Experience wise Kotak Mahindra Prime Recovery Manager salaries

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.2 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.2 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr

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Salary related reviews for Kotak Mahindra Prime

Deputy Manager in Ajmer

Full Time

Sales & Business Development Department

3.0

• posted on 26 Jul 2024

2.0

for Salary and Benefits

Likes

Job stability, transfers, open door policy.

Job security - Excellent

Dislikes

No Promotion policy is defined or followed. No considerable salary hike. You can be sitting at the same salary forever if you don’t switch. Office politics cannot even be described in words. No bonus.

Salary - Poor

+2 more

Deputy Manager in Goregaon

Other Department

3.0

• posted on 24 Jan 2021

2.0

for Salary and Benefits

Likes

Great company culture. No pay cuts even in pandemic times. Overall great company to work. But the growth prospects is very slow. Yearly appraisals are below expectations.

Job security - Excellent

+2 more

Dislikes

Mid management involved in politics and favourism based on religion.

Salary - Poor

+2 more

Relationship Manager in Nagpur

Finance Department

5.0

• posted on 24 Jan 2020

4.0

for Salary and Benefits

Likes

... and the culture of the company is excellent, teammates and Superiors are very supportive, need to chnge salary structure, appraisal ratings are too good, learning policies are advanced, work environment is excellent, excellent company for work satisfaction and stability,

Salary - Good

+6 more

Dislikes

Salary structure need to be change

Senior Manager in Goregaon

Full Time

Finance & Accounting Department

4.0

• posted on 09 May 2023

3.0

for Salary and Benefits

Likes

There is an open door policy,we can anytime directly interact with management.

Job security - Good

+3 more

Dislikes

The only point i would like to highlight is the company should think about salary structure for employee is very low compared to other banking industry. As per the grade the salary doesn't Match.

Senior Area Sales Manager in Madurai

Full Time

Sales & Business Development Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Work culture, individual development, ownership, Job security hi level management recognition and appreciation is good.

Skill development - Good

+5 more

Dislikes

Pay level and incentives not match with market but if our performance is good we get all things

see more salary related reviews

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fathersahaab

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Prime Recovery Manager Salary FAQs

What is the notice period for Recovery Manager at Kotak Mahindra Prime?

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

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Kotak Mahindra Prime Recovery Manager Salaries

Kotak Mahindra Prime Recovery Manager salary in India ranges between ₹3.6 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Prime latest salaries received from various employees of Kotak Mahindra Prime.