Kotak Mahindra Bank Mumbai Assistant Credit Manager Salaries by 8 Employees (Updated 2025)

0 - 5 years exp.

₹2.5 Lakhs - ₹3.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

Assistant Credit Manager Salary at Kotak Mahindra Bank ranges between ₹2.5 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 8... Read more

26% less than the average Assistant Credit Manager Salary in Banking Companies for 0 - 5 years of experience

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Last Updated: 2 Apr 2025

Companies similar to Kotak Mahindra Bank for Assistant Credit Manager in Mumbai

Kotak Mahindra Bank Assistant Credit Manager Salary

0 - 5 years exp. (8 salaries)

₹2.5 L/yr - ₹3.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Credit Manager Salary 1 - 4 years exp. (8 salaries)	₹3.9 L/yr - ₹8 L/yr 50% more
AU Small Finance Bank Assistant Credit Manager Salary 2 - 10 years exp. (8 salaries)	₹3.1 L/yr - ₹7.4 L/yr 27% more
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IDFC FIRST Bank Assistant Credit Manager Salary 1 - 4 years exp. (7 salaries)	₹4 L/yr - ₹6.2 L/yr 40% more

Axis Bank Assistant Credit Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr 34% more
Union Bank of India Assistant Credit Manager Salary 2 - 8 years exp. (3 salaries)	₹6 L/yr - ₹14.9 L/yr 199% more

Kotak Mahindra Bank Assistant Credit Manager salaries by

Years of experience	Avg. annual salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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2 years (3 salaries)	₹2.7 L/yr - ₹3.8 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

View all salaries by experience

Similar Designation Salaries at Kotak Mahindra Bank

Similar Designation	Avg. annual salary
Relationship Manager Salary (482 salaries)	₹1.5 L/yr - ₹10.5 L/yr
Credit Manager Salary (236 salaries)	₹4 L/yr - ₹13.8 L/yr
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Branch Manager Salary (148 salaries)	₹7 L/yr - ₹26.4 L/yr
Area Credit Manager Salary (17 salaries)	₹7 L/yr - ₹24 L/yr
Deputy Credit Manager Salary (10 salaries)	₹3.8 L/yr - ₹6.5 L/yr
Regional Credit Manager Salary (8 salaries)	₹16.4 L/yr - ₹27 L/yr
Branch Credit Manager Salary (5 salaries)	₹7 L/yr - ₹9.5 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions

a full stack developer

No Salary Discussion in My Appraisal — What’s Your Experience?

In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?

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Salary related reviews for Kotak Mahindra Bank

2.9

Rated by 4 employees for salary & benefits

Deputy Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• updated on 15 Apr 2025

2.0

for Salary and Benefits

Likes

Work friendly with team members.

Skill development - Good

Dislikes

...cpc branches, sitting capacity in branches very low . Number DST ALSO VERY LOW . DST salary also very low no increments for front line sales . and no promotions. Fully manual work with compared other banks and NBFC's. Even no festival holidays in month ends. Month end Sunday are working days.

Salary - Poor

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• updated on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• updated 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

Skill development - Good

+2 more

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.

Salary - Bad

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• updated 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.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• updated on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

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.

Work satisfaction - Bad

+2 more

see more salary related reviews

Kotak Mahindra Bank Assistant Credit Manager Salary FAQs

What is the salary of Assistant Credit Manager at Kotak Mahindra Bank in Mumbai?

The average salary of a Assistant Credit Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹2.5 Lakhs to ₹3.8 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Assistant Credit Manager in Mumbai at Kotak Mahindra Bank earn more than ₹3.7 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Assistant Credit Manager Salaries at Kotak Mahindra Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 8 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Assistant Credit Manager at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Assistant Credit Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹24,186 to ₹25,637 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from Fresher to 5 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 8 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Assistant Credit Manager in India?

Union Bank of India	₹6.0 Lakhs to ₹14.9 Lakhs per year
HDFC Bank	₹3.9 Lakhs to ₹8.0 Lakhs per year
IDFC FIRST Bank	₹4.0 Lakhs to ₹6.2 Lakhs per year
Axis Bank	₹3.9 Lakhs to ₹5.0 Lakhs per year
AU Small Finance Bank	₹3.1 Lakhs to ₹7.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.

How the salary growth look like for a Assistant Credit Manager at Kotak Mahindra Bank in Mumbai?

The salary growth for a Assistant Credit Manager at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Credit Manager in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹3.8 Lakhs per year
1 year	₹3.0 Lakhs to ₹3.8 Lakhs per year
2 years	₹2.7 Lakhs to ₹3.8 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Assistant Credit Manager Salaries in Mumbai

Kotak Mahindra Bank Assistant Credit Manager salary in Mumbai ranges between ₹2.5 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.