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Bank of India Credit Risk Manager salaries in India (Updated 2025)

Annual salary range
12 - 14 years exp.
₹10 Lakhs - ₹18 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (80%)
₹9.9 Lakhs
Variable (20%)
₹2.5 Lakhs
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8% less than the average Credit Risk Manager Salary in Banking Companies for 12 - 14 years of experience

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Salaries in different departments

Risk Management & Compliance
Credit Risk Manager Salary
12 - 14 years exp. (3 salaries)
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₹9 L/yr - ₹11 L/yr

Customer Success, Service & Operations
Credit Risk Manager Salary
12 years exp. (AmbitionBox Estimate)
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₹13.1 L/yr - ₹16 L/yr

Last Updated: 19 Feb 2025

Companies similar to Bank of India for Credit Risk Manager

Company name Avg Annual Salary Open Jobs
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₹14 L/yr - ₹20 L/yr

arrow icon 32% more
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ICICI Bank Credit Risk Manager Salary

0 - 5 years exp. (86 salaries)

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₹8 L/yr - ₹27.9 L/yr

arrow icon 27% more
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HDFC Bank Credit Risk Manager Salary

1 - 8 years exp. (92 salaries)

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₹5 L/yr - ₹21.5 L/yr

At par
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Axis Bank Credit Risk Manager Salary

3 - 11 years exp. (14 salaries)

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₹8 L/yr - ₹21 L/yr

arrow icon 5% more
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₹11.1 L/yr - ₹20 L/yr

arrow icon 13% more
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₹5.2 L/yr - ₹14 L/yr

arrow icon 25% less
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Bank of Baroda Credit Risk Manager Salary

2 - 10 years exp. (4 salaries)

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₹6.3 L/yr - ₹14 L/yr

arrow icon 20% less
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IndusInd Bank Credit Risk Manager Salary

3 - 7 years exp. (6 salaries)

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₹9.5 L/yr - ₹25.1 L/yr

arrow icon 32% more
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Yes Bank Credit Risk Manager Salary

1 - 11 years exp. (100 salaries)

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₹4.5 L/yr - ₹15.5 L/yr

arrow icon 26% less
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IDBI Bank Credit Risk Manager Salary

5 - 16 years exp. (5 salaries)

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₹18.2 L/yr - ₹25 L/yr

arrow icon 77% more
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Standard Chartered Credit Risk Manager Salary

1 - 10 years exp. (14 salaries)

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₹12 L/yr - ₹27 L/yr

arrow icon 48% more
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Barclays Credit Risk Manager Salary

5 - 14 years exp. (11 salaries)

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₹16 L/yr - ₹22 L/yr

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₹4.8 L/yr - ₹7.2 L/yr

arrow icon 42% less
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IDFC FIRST Bank Credit Risk Manager Salary

1 - 6 years exp. (9 salaries)

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₹6.2 L/yr - ₹25 L/yr

arrow icon 20% more
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₹5.6 L/yr - ₹19.9 L/yr

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₹14.5 L/yr - ₹23.2 L/yr

arrow icon 49% more
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₹17 L/yr - ₹18.5 L/yr

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Bandhan Bank Credit Risk Manager Salary

0 - 3 years exp. (4 salaries)

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₹12 L/yr - ₹12.3 L/yr

arrow icon 2% less
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₹12 L/yr - ₹17.5 L/yr

arrow icon 14% more
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Deutsche Bank Credit Risk Manager Salary

4 - 9 years exp. (4 salaries)

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₹12.8 L/yr - ₹25 L/yr

arrow icon 41% more
View all
Credit Risk Manager salary at Bank of India ranges between ₹10 Lakhs to ₹18 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Credit Risk Manager

3d ago
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14 years exp.
7mo ago
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13 years exp.
1y ago
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12 years exp.
1y ago
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12 years exp.

Experience wise Bank of India Credit Risk Manager salaries

Last Updated: 19 Feb 2025

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹10 L/yr - ₹14.5 L/yr
13 years (AmbitionBox Estimate)

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₹10 L/yr - ₹18 L/yr
14 years (AmbitionBox Estimate)

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₹10 L/yr - ₹21 L/yr

Similar Designation salaries in Bank of India

Credit Manager Salary
(88 salaries)
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₹7 L/yr - ₹21 L/yr
Deputy Manager Salary
(4 salaries)
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₹3 L/yr - ₹16 L/yr
Chief Manager Salary
(161 salaries)
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₹11.44 L/yr - ₹39.24 L/yr
Credit Officer Salary
(71 salaries)
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₹4.8 L/yr - ₹14 L/yr
Branch Manager Salary
(80 salaries)
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₹6.5 L/yr - ₹22 L/yr
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₹3.65 L/yr - ₹10.78 L/yr
Credit Analyst Salary
(4 salaries)
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₹15 L/yr - ₹20 L/yr
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₹9 L/yr - ₹10.5 L/yr
Zonal Credit Manager Salary
(AmbitionBox Estimate)
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₹17.6 L/yr - ₹22.4 L/yr
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₹3 L/yr - ₹9 L/yr

Salary related reviews for Bank of India

4.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Product Management Department

4.0
  •  posted on 08 Mar 2024

3.0
 for  Salary and Benefits

Likes

Like a typical govt bank it offers 100% job security. Decent salary. If you own then you will get to lead projects end to end. Other govt perks and benefits are unparalleled.

read more
  • Job security - Excellent

Dislikes

Sarkari culture. Sluggish work pace. Nepotism and politics. Late sitting for no reason just to appease bosses.

  • Promotions - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 26 May 2022

3.0
 for  Salary and Benefits

Likes

You want stability and job security than Public Sector Undertaking is good for you. But you think you want to grow and have something which separates you from general public than you should look for private entity.

read more
  • Job security - Excellent

Dislikes

...fference between highly knowledgeable and skilled employee and average employee. Both gets same salary and promotion eligibility remains same for both.

read more
  • Skill development - Poor
  • +2 more

Foreign Exchange Department

4.0
  •  posted on 10 Jun 2018

2.0
 for  Salary and Benefits

Likes

Good working environment, good career growth, fully secured job.

  • Job security - Excellent
  • +3 more

Dislikes

...rence of the unions & officers association in the management. Too much politics. Salary not commensurate with the responsibility & accountability.

read more
  • Salary - Poor

Full Time

 · 

Marketing & Communication Department

1.0
  •  posted on 05 Oct 2024

1.0
 for  Salary and Benefits

Likes

Only the thing is that you get salary on time and there is a provision of reimbursement....

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Dislikes

- Higher management does not know what marketing actually is on the field. The people, who are generalist and sitting at medium and top level management actually think that Marketing Officers are one who must not only grab the business but also generate it, which is not at all possible because conversion of leads into business depends on various factors and there are various stakeholders for this. Hence, conversion of leads into business cannot happen till the time everybody works as cooperative team member. - This is door to door sales job, various people opt this job by looking at false ratings of this profile on social media platforms managed by higher management. Also candidates who join this bank are optimistic at entry stage as they get selected after huge efforts through IBPS and get trapped after entering into this bank and at this profile. - General Banking Staff is jealous of Marketing Staff as they get additional petrol reimbursement due to their marketing efforts. - High level politics within bank. People who are in association of officers are like closed knit people of certain people in management and they only help those employees who can do flattery at extream level. - If you raise your voice on any legitimate issue, you would be targeted by management. - There are ghigh possibility of frequent transfers as transfer policy does not apply to Marketing Officers. - The standard operating procedure within the bank is not at all systematic. - Motivation or credit is not commensurate to efforts given by Marketing Officers, - There is absence of career path for Marketing Officers as they only can get promotions on Merit based channel and not on Seniority Based Channel. Once marketing officer reaches scale IV, he/she will have to opt for conversion to General Banking Stream. But there are very less opportunities for getting conversions. - Unlike specialist officers of other streams, Marketing Officers face huge hardships which include cold responses from customers as well as management. They seldomely are provided good place to even sit at various branches/offices of Bank Of India.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 16 Oct 2023

3.0
 for  Salary and Benefits

Likes

There is job security, salary is ok I guess Other than that I can't think of anything else

read more
  • Job security - Excellent

Dislikes

Management doesn't know what goes on ground level, they keep making new policy which are against the benefits of employees, no coordination between different level management. I give you a example, there used be inter zone transfer every year but it hasn't happened in the last three year. I think I can go on and on.

read more
  • Skill development - Poor
  • +3 more
see more salary related reviews

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Bank of India Credit Risk Manager Salary FAQs

What is the salary of Credit Risk Manager at Bank of India ?
The average salary of a Credit Risk Manager at Bank of India in India typically ranges from ₹10.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 12 years to 14 years).

The top 10% of Credit Risk Manager at Bank of India earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Credit Risk Manager Salaries at Bank of India 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 5 Bank of India employees in India.
What is the estimated take home salary of a Credit Risk Manager at Bank of India in India?
The estimated take-home salary of a Credit Risk Manager at Bank of India in India typically ranges from ₹87,684 to ₹89,984 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 12 years to 14 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 5 salaries received from various employees of Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bank of India for Credit Risk Manager in India?
IDBI Bank ₹18.2 Lakhs to ₹25.0 Lakhs per year
Bank of Maharashtra ₹12.0 Lakhs to ₹24.0 Lakhs per year
Barclays ₹16.0 Lakhs to ₹22.0 Lakhs per year
Equitas Small Finance Bank ₹14.5 Lakhs to ₹23.2 Lakhs per year
Standard Chartered ₹12.0 Lakhs to ₹27.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bank of India, depending on the role and experience level.
What is the salary of a Credit Risk Manager in companies similar to Bank of India in India?
The salary of a Credit Risk Manager at companies similar to Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Central Bank of India ₹17.0 Lakhs to ₹18.5 Lakhs per year
Deutsche Bank ₹12.8 Lakhs to ₹25.0 Lakhs per year
State Bank of India ₹14.0 Lakhs to ₹20.0 Lakhs per year
IndusInd Bank ₹9.5 Lakhs to ₹25.1 Lakhs per year
ICICI Bank ₹8.0 Lakhs to ₹27.9 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Credit Risk Manager at Bank of India in India?
The salary growth for a Credit Risk Manager at Bank of India depends on factors such as experience, performance, and promotions. On average, a Credit Risk Manager can expect the following growth trajectory at Bank of India:

Experience Average Salary Range
12 years ₹10.0 Lakhs to ₹14.5 Lakhs per year
13 years ₹10.0 Lakhs to ₹18.0 Lakhs per year
14 years ₹10.0 Lakhs to ₹21.0 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of India Credit Risk Manager salary in India ranges between ₹10 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Bank of India latest salaries received from various employees of Bank of India.