Bank of Maharashtra Risk Manager Salaries by 4 Employees (Updated 2025)

4 - 7 years exp.

₹11 Lakhs - ₹23 Lakhs

Low Confidence

Salary of majority employees

40% more than the average Risk Manager Salary in Banking Companies for 4 - 7 years of experience

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Salaries in different departments

Risk Management & Compliance Risk Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹22 L/yr
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BFSI, Investments & Trading Risk Manager Salary 4 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 7 Mar 2025

Companies similar to Bank of Maharashtra for Risk Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Risk Manager Salary 5 - 11 years exp. (7 salaries)	₹16.5 L/yr - ₹27 L/yr 7% more
ICICI Bank Risk Manager Salary 0 - 10 years exp. (63 salaries)	₹5.3 L/yr - ₹21.6 L/yr 26% less
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HDFC Bank Risk Manager Salary 1 - 10 years exp. (78 salaries)	₹3.8 L/yr - ₹14.7 L/yr 49% less
Axis Bank Risk Manager Salary 1 - 17 years exp. (33 salaries)	₹5.4 L/yr - ₹20 L/yr 27% less
Punjab National Bank Risk Manager Salary 2 - 8 years exp. (15 salaries)	₹10 L/yr - ₹18 L/yr 17% less
Kotak Mahindra Bank Risk Manager Salary 0 - 17 years exp. (19 salaries)	₹4.2 L/yr - ₹12.5 L/yr 51% less
Canara Bank Risk Manager Salary 4 - 13 years exp. (18 salaries)	₹12 L/yr - ₹34 L/yr 13% more
IndusInd Bank Risk Manager Salary 9 - 17 years exp. (7 salaries)	₹7.1 L/yr - ₹11.5 L/yr 49% less
Yes Bank Risk Manager Salary 1 - 12 years exp. (87 salaries)	₹6 L/yr - ₹19 L/yr 40% less
IDFC FIRST Bank Risk Manager Salary 0 - 4 years exp. (53 salaries)	₹7.5 L/yr - ₹24 L/yr 5% more
Standard Chartered Risk Manager Salary 7 - 17 years exp. (25 salaries)	₹8.6 L/yr - ₹30 L/yr 18% more
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Barclays Risk Manager Salary 4 - 13 years exp. (17 salaries)	₹11 L/yr - ₹24 L/yr 2% less
NatWest Group Risk Manager Salary 6 - 17 years exp. (12 salaries)	₹11.6 L/yr - ₹38 L/yr 23% more
Central Bank of India Risk Manager Salary 3 - 11 years exp. (11 salaries)	₹12 L/yr - ₹18.4 L/yr 14% less
Indian Bank Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹12 L/yr - ₹20 L/yr 13% less
Ujjivan Small Finance Bank Risk Manager Salary 6 - 12 years exp. (7 salaries)	₹6 L/yr - ₹19.4 L/yr 20% less
Equitas Small Finance Bank Risk Manager Salary 1 - 11 years exp. (6 salaries)	₹2.9 L/yr - ₹5.8 L/yr 73% less
Jana Small Finance Bank Risk Manager Salary 1 - 5 years exp. (6 salaries)	₹1.6 L/yr - ₹5.7 L/yr 68% less
Bank of India Risk Manager Salary 7 - 12 years exp. (5 salaries)	₹15 L/yr - ₹24 L/yr 1% more
DBS Bank Risk Manager Salary 10 - 15 years exp. (5 salaries)	₹6.9 L/yr - ₹25 L/yr 7% less

View all

Risk Manager salary at Bank of Maharashtra ranges between ₹11 Lakhs to ₹23 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Risk Manager salaries

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr
5 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
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7 years (AmbitionBox Estimate)	₹19.8 L/yr - ₹25.3 L/yr

Similar Designation salaries in Bank of Maharashtra

Audit Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Branch Manager Salary

(76 salaries)

₹8 L/yr - ₹22 L/yr

Deputy Manager Salary

(78 salaries)

₹5 L/yr - ₹12 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Accountant Salary

(5 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Internal Auditor Salary

(AmbitionBox Estimate)

₹22.2 L/yr - ₹28.4 L/yr

Chartered Accountant Salary

(4 salaries)

₹2.65 L/yr - ₹22.61 L/yr

Salary related reviews for Bank of Maharashtra

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Salary - Good

+1 more

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Skill development - Poor

+4 more

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Job security - Good

+2 more

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Salary - Poor

+2 more

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Job security - Good

+1 more

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Salary - Bad

+4 more

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Salary - Good

+2 more

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Skill development - Bad

+3 more

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Job security - Good

+1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

Skill development - Poor

+3 more

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Bank of Maharashtra Risk Manager Salary FAQs

What is the salary of Risk Manager at Bank of Maharashtra ?

The average salary of a Risk Manager at Bank of Maharashtra in India typically ranges from ₹11.0 Lakhs to ₹23.0 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Risk Manager at Bank of Maharashtra earn more than ₹23.0 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. Risk Manager Salaries at Bank of Maharashtra 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 4 Bank of Maharashtra employees in India.

What is the estimated take home salary of a Risk Manager at Bank of Maharashtra in India?

The estimated take-home salary of a Risk Manager at Bank of Maharashtra in India typically ranges from ₹1,19,627 to ₹1,22,982 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from 4 years to 7 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 4 salaries received from various employees of Bank of Maharashtra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bank of Maharashtra for Risk Manager in India?

Deutsche Bank	₹26.0 Lakhs to ₹44.0 Lakhs per year
NatWest Group	₹11.6 Lakhs to ₹38.0 Lakhs per year
Standard Chartered	₹8.6 Lakhs to ₹30.0 Lakhs per year
IDBI Bank	₹15.0 Lakhs to ₹37.4 Lakhs per year
Canara Bank	₹12.0 Lakhs to ₹34.0 Lakhs per year

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

What is the salary of a Risk Manager in companies similar to Bank of Maharashtra in India?

The salary of a Risk Manager at companies similar to Bank of Maharashtra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

State Bank of India	₹16.5 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank	₹7.5 Lakhs to ₹24.0 Lakhs per year
Bank of America	₹16.0 Lakhs to ₹22.0 Lakhs per year
Bank of India	₹15.0 Lakhs to ₹24.0 Lakhs per year
Barclays	₹11.0 Lakhs to ₹24.0 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 Risk Manager at Bank of Maharashtra in India?

The salary growth for a Risk Manager at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Risk Manager can expect the following growth trajectory at Bank of Maharashtra:

Experience	Average Salary Range
4 years	₹15.3 Lakhs to ₹19.5 Lakhs per year
5 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
7 years	₹19.8 Lakhs to ₹25.3 Lakhs per year

and so on.

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Bank of Maharashtra Risk Manager Salaries

Bank of Maharashtra Risk Manager salary in India ranges between ₹11 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.