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Kotak Mahindra Bank
3.7
based on 19.4k Reviews
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Company Overview
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Working at Kotak Mahindra Bank
Company Summary
From launching Kotak Mahindra Finance Ltd. in 1985 to becoming one of the country’s most trusted financial institutions today, it’s been quite a journey.
Overall Rating
3.7/5
based on 19.4k reviews
3% below
industry average
Critically rated for
Promotions
Work Policy
Work from office
81% employees reported
Monday to Saturday
42% employees reported
Strict timing
52% employees reported
Within city
51% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
817 employees reported
Health insurance
634 employees reported
Cafeteria
261 employees reported
Office cab/shuttle
126 employees reported
View all benefits
About Kotak Mahindra Bank
Founded in1985 (40 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count1 Lakh+
India HeadquartersMumbai, Maharashtra, India
Websitekotak.com
Primary Industry
Other Industries
View in video summary
Established in 1985, the Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited.
The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore.
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Kotak Mahindra Bank Ratings
based on 19.4k reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
8.5k
4
4.3k
3
2.8k
2
1.2k
1
2.6k
Category Ratings
3.7
Job security
3.6
Skill development
3.5
Company culture
3.5
Work-life balance
3.4
Salary
3.4
Work satisfaction
3.2
Promotions
Kotak Mahindra Bank is rated 3.7 out of 5 stars on AmbitionBox, based on 19.4k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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Gender Based Ratings at Kotak Mahindra Bank
based on 18.8k reviews
3.5
Rated by 4.4k Women
Rated 3.6 for Job security and 3.5 for Skill development
3.8
Rated by 14.4k Men
Rated 3.7 for Job security and 3.6 for Work-life balance
Work Policy at Kotak Mahindra Bank
based on 3.3k reviews in last 6 months
Work from office
81%
Hybrid
14%
Permanent work from home
5%
Kotak Mahindra Bank Reviews
Top mentions in Kotak Mahindra Bank Reviews
+ 5 more
Compare Kotak Mahindra Bank with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.7/5 based on 19.4k reviews | 4.0/5 based on 42.4k reviews | 3.8/5 based on 44.2k reviews | 3.7/5 based on 28.6k reviews  |
Highly Rated for |  No highly rated category | Job security Skill development Work-life balance | Job security Skill development | No highly rated category |
Critically Rated for | Promotions |  No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 81% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.5 Good rated by 4.4k women | 3.9 Good rated by 11.3k women | 3.7 Good rated by 9.5k women | 3.6 Good rated by 6.2k women |
Rating by Men Employees | 3.8 Good rated by 14.4k men | 4.0 Good rated by 29.4k men | 3.9 Good rated by 32.6k men | 3.7 Good rated by 21.3k men |
Job security | 3.7 Good | 4.1 Good | 4.0 Good | 3.7 Good |
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Kotak Mahindra Bank Salaries
Kotak Mahindra Bank salaries have received with an average score of 3.4 out of 5 by 19.4k employees.
Deputy Manager
(11.6k salaries)
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₹3.3 L/yr - ₹6.9 L/yr
Relationship Manager
(2.6k salaries)
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₹4 L/yr - ₹9 L/yr
Associate Vice President
(1.7k salaries)
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₹15 L/yr - ₹25 L/yr
Brach Operation Manager
(1.6k salaries)
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₹5 L/yr - ₹12 L/yr
Credit Manager
(1.1k salaries)
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₹6.5 L/yr - ₹14 L/yr
Branch Manager
(1.1k salaries)
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₹12.7 L/yr - ₹22 L/yr
Sales Executive
(1k salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Service Officer
(1k salaries)
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₹2 L/yr - ₹4.7 L/yr
Junior Associate
(888 salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Deputy Manager Grade 2
(836 salaries)
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₹2.6 L/yr - ₹7 L/yr
Kotak Mahindra Bank Interview Questions
Kotak Mahindra Bank Jobs
Popular Designations Kotak Mahindra Bank Hires for
Popular Skills Kotak Mahindra Bank Hires for
Current Openings
Kotak Mahindra Bank News
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Kotak’s Vaswani highest paid bank CEO in FY25, draws ₹12.95 crore salary
- Kotak Mahindra Bank's Uday Kotak is the highest paid bank CEO in FY25, earning ₹12.95 crore, while HDFC Bank's CEO ranked second with a salary of ₹12.06 crore.
- In FY25, Axis Bank's CEO saw a slight increase in salary to ₹9.68 crore, and IDFC First Bank's chief earned ₹5.54 crore.
- Public sector bank heads like SBI Chairman had significantly lower annual pay compared to private bank CEOs.
- Banks in India are hiring at lower levels, with HDFC Bank bringing in 49,713 new staff, Axis Bank recruiting 31,674 employees, and SBI focusing on hiring officers and clerical staff.
HinduBusinessLine | 17 Jul, 2025
Kotak Mahindra Bank’s Chief Credit Officer Phani Shankar resigns
- Kotak Mahindra Bank's Chief Credit Officer, Phani Shankar, has resigned citing personal reasons.
- This is the third senior management exit from the bank after KVS Manian and Milind Nagnur.
- Phani Shankar, an engineer from NIT Allahabad and an alumnus of IIM Ahmedabad, joined KMB in 2015 post-merger with ING Vysya Bank.
- The bank has made interim arrangements for the Credit function following Shankar's resignation.
HinduBusinessLine | 15 Jul, 2025
Nifty Top Gainers, Losers On July 15: Hero MotoCorp, Bajaj Auto To HCLTech, Eternal
- Hero MotoCorp, Bajaj Auto, and Sun Pharmaceuticals were among the top gainers on the NSE Nifty 50 on July 15.
- HCL Technologies, Eternal, SBI Life, HDFC Life, and Kotak Mahindra Bank dragged the index down.
- The Nifty Auto sector led the gains, with Hero MotoCorp being a significant contributor.
- The NSE Nifty 50 ended with a 0.45% increase at 25,195.80, while the BSE Sensex closed with a 0.39% increase at 82,570.91.
Bloomberg Quint | 15 Jul, 2025
Large private banks’ attrition rate falls in FY25
- Annual attrition rates of large private banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank have shown a decline in FY25.
- HDFC Bank reported a decrease in attrition rate from 27% to 23%, while Axis Bank saw a reduction from 29% to 26% and Kotak Mahindra Bank from 40% to 33%.
- Public sector bank employees have a lower attrition rate in single digits.
- Measures taken by these banks to address attrition include building culture capabilities, leadership development, employee engagement initiatives, skill enhancement programs, and initiatives for career growth.
- Junior to mid-level employees under 30 dominate attrition rates.
- HDFC Bank is focusing on fostering an enabling work environment, while Axis Bank is engaging employees via newsletters, surveys, and town-hall meetings.
- Kotak Mahindra Bank has introduced initiatives like 'Best of Kotak for Kotakites' and transparent career growth plans.
- All three banks are investing in building future-ready leaders and skills to enhance employee retention.
HinduBusinessLine | 15 Jul, 2025
Large private banks’ attrition rate falls in FY25
- Major private banks in the country like HDFC Bank, Axis Bank, and Kotak Mahindra Bank have seen a decline in their attrition rates in FY25.
- HDFC Bank reported a decrease in attrition rate from 27% to 23% in FY25, while Axis Bank's employee turnover rate dropped from 29% to 26% in the same period. Kotak Mahindra Bank also saw a reduction in turnover rate from 40% to 33%.
- Junior to mid-level employees under 30 years old are the main contributors to attrition, as compared to senior-level employees.
- Efforts to improve employee retention include measures like leadership training, employee engagement initiatives, and transparent career growth plans implemented by these private banks.
HinduBusinessLine | 14 Jul, 2025
Stock Market Live: GIFT Nifty Implies Negative Open; Vedanta, Hindalco, Cipla, Lupin, Dr. Reddy's In Focus
- Indian markets are expected to open lower due to weak global cues with the Nifty 50 likely to have support at 25,400 and resistance at 25,600.
- Global markets, including Asia and the US, experienced declines following announcements by US President Donald Trump of tariffs on copper and pharmaceutical imports, leading to a negative sentiment in the markets.
- The GIFT Nifty was trading down, indicating a negative open. Investors might focus on companies like JSW Steel, Tata Steel, Seamec, Dixon Technology, and Rail Vikas Nigam for news impact.
- The Nifty 50 and BSE Sensex closed higher on the previous day, influenced by Kotak Mahindra Bank and HDFC Bank performance, amidst trade deal uncertainties between the US and India.
Bloomberg Quint | 9 Jul, 2025
India Shelter Finance Bulk Deal: Nexus Venture Partners' Units Sell Stake For Rs 425 Crore
- Nexus Venture Partners' units sold a 4.63% stake in India Shelter Finance Corp. for Rs 424.9 crore through an open market transaction.
- Nexus Opportunity Fund II sold 13.28 lakh shares (1.23% stake), while Nexus Ventures III offloaded 36.7 lakh shares (3.4% stake) at Rs 850.88 apiece.
- Kotak Mahindra Mutual Fund acquired 4.19% stake (45.28 lakh shares) for Rs 385 crore at Rs 850.87 apiece.
- In 2024, Nexus Ventures III Ltd. and Nexus Opportunity Fund LI had sold stakes in India Shelter Finance Corp. Shares of India Shelter Finance closed 0.31% lower at Rs 879.35 apiece on the NSE.
Bloomberg Quint | 9 Jul, 2025
Stock Market Live: GIFT Nifty Implies Flat Open; M&M, Lodha, Tata Motors Shares In Focus
- The GIFT Nifty suggests a flat open for the Indian stock markets on July 8.
- Investors may focus on stocks like Mahindra & Mahindra Ltd., Tata Motors Ltd., Titan Co. Ltd., Macrotech Developers Ltd., and Kotak Mahindra Bank Ltd.
- Oil prices fell as traders shifted focus to US tariffs from tensions in the Middle East.
- Markets in Asia-Pacific were trading mixed after US President Donald Trump imposed tariffs on most Asian trade partners.
Bloomberg Quint | 8 Jul, 2025
Kotak Mahindra Bank Q1 Update: Net Advances Rise 4%, Deposits Up Nearly 3%
- Kotak Mahindra Bank's net advances rose 4.2% sequentially to Rs 4.45 lakh crore in April-June, with a 14% increase year-on-year. Total deposits also rose by 2.8% sequentially and 14.6% on-year to Rs 5.13 lakh crore.
- However, the CASA fell 2.2% sequentially to Rs 2.10 lakh crore, despite a 7.9% increase year-on-year.
- The bank reported a fall in fourth-quarter net profit due to provisions made for distressed microfinance institution loan book, although net interest income rose over 5% year-on-year.
- The bank's asset quality remained stable, with gross non-performing assets ratio falling to 1.42% and provision coverage ratio at 78% as of March 31.
Bloomberg Quint | 7 Jul, 2025
ICICI Bank, Muthoot Finance, Aptus — Dolat Capital Lists Top Stock Picks In BFSI Space; Q1 Results Preview
- Dolat Capital has recommended ICICI Bank, Muthoot Finance, Aptus Value, Kotak Mahindra Bank, and City Union Bank as top stock picks in the BFSI sector.
- Loan growth for coverage banks is expected to moderate to sub 11% YoY in a seasonally weak Q1, while net interest income is projected to grow at 3% YoY.
- Operating profit for coverage banks is expected to increase by 5% YoY, supported by higher treasury gains aiding other income.
Bloomberg Quint | 7 Jul, 2025
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Kotak Mahindra Bank Subsidiaries
Kotak Mahindara Life Insurance
3.6
• 3.2k reviews
Kotak Securities
3.6
• 1.8k reviews
Kotak Mahindra Prime
4.0
• 1.2k reviews
Bss Microfinance
3.7
• 265 reviews
Kotak Mahindra General Insurance
3.8
• 237 reviews
Kotak Mahindra Asset Management Company
3.9
• 123 reviews
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Kotak Mahindra Bank Offices
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Kotak Mahindra Bank FAQs
When was Kotak Mahindra Bank founded?
Kotak Mahindra Bank was founded in 1985. The company has been operating for 40 years primarily in the Banking sector.
How many employees does Kotak Mahindra Bank have in India?
Kotak Mahindra Bank currently has more than 60,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Kotak Mahindra Bank based on the number of reviews submitted on AmbitionBox.
Does Kotak Mahindra Bank have good work-life balance?
Kotak Mahindra Bank has a Work-Life Balance Rating of 3.5 out of 5 based on 19,000+ employee reviews on AmbitionBox. 66% employees rated Kotak Mahindra Bank 4 or above, while 34% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Kotak Mahindra Bank work-life balance reviews for more details.
Is Kotak Mahindra Bank good for career growth?
Career growth at Kotak Mahindra Bank is rated as moderate, with a promotions and appraisal rating of 3.2. 34% employees rated Kotak Mahindra Bank 3 or below, while 66% employees rated it 4 or above on promotions / appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Kotak Mahindra Bank promotions / appraisals reviews for more detailed insights.
What are the cons of working in Kotak Mahindra Bank?
Working at Kotak Mahindra Bank does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, work satisfaction and salary & benefits, based on 19,000+ employee reviews on AmbitionBox.
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