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Canara Bank

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Canara Bank Credit Manager salaries in Mumbai

Annual salary range
7 - 12 years exp.
₹13 Lakhs - ₹19.4 Lakhs
Salary of majority employees
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Fixed (88%)
₹16.4 Lakhs
Variable (12%)
₹2.3 Lakhs
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130% more than the average Credit Manager Salary in Banking Companies for 7 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Credit Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹15.8 L/yr - ₹17 L/yr

Finance & Accounting
Credit Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹17 L/yr - ₹21.2 L/yr

Last Updated: 19 Jan 2024

Companies similar to Canara Bank for Credit Manager in Mumbai

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Canara Bank Credit Manager Salary

7 - 12 years exp. (4 salaries)

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₹13 L/yr - ₹19.4 L/yr

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Company name Avg Annual Salary Open Jobs
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (558 salaries)

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₹4 L/yr - ₹17.4 L/yr

arrow icon 47% less
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HDFC Bank Credit Manager Salary

0 - 12 years exp. (450 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 50% less
12 job openings
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Kotak Mahindra Bank Credit Manager Salary

0 - 10 years exp. (235 salaries)

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₹3.8 L/yr - ₹13 L/yr

arrow icon 51% less
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (211 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 58% less
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Axis Bank Credit Manager Salary

0 - 12 years exp. (151 salaries)

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₹4 L/yr - ₹15.2 L/yr

arrow icon 50% less
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Yes Bank Credit Manager Salary

1 - 12 years exp. (74 salaries)

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₹4.6 L/yr - ₹16.2 L/yr

arrow icon 52% less
1 job opening
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IndusInd Bank Credit Manager Salary

2 - 12 years exp. (36 salaries)

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₹3.6 L/yr - ₹13.9 L/yr

arrow icon 58% less
1 job opening
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AU Small Finance Bank Credit Manager Salary

0 - 11 years exp. (36 salaries)

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₹4.1 L/yr - ₹10 L/yr

arrow icon 64% less
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RBL Bank Credit Manager Salary

2 - 11 years exp. (25 salaries)

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₹3 L/yr - ₹11.7 L/yr

arrow icon 58% less
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Bank of Baroda Credit Manager Salary

4 - 12 years exp. (24 salaries)

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₹10 L/yr - ₹19 L/yr

arrow icon 10% less
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IDBI Bank Credit Manager Salary

3 - 17 years exp. (13 salaries)

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₹12 L/yr - ₹28.9 L/yr

arrow icon 10% more
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Punjab National Bank Credit Manager Salary

4 - 9 years exp. (13 salaries)

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₹10 L/yr - ₹20 L/yr

arrow icon 14% less
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Bank of India Credit Manager Salary

5 - 11 years exp. (8 salaries)

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₹9 L/yr - ₹18 L/yr

arrow icon 27% less
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State Bank of India Credit Manager Salary

12 - 14 years exp. (6 salaries)

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₹12 L/yr - ₹27 L/yr

arrow icon 2% more
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Central Bank of India Credit Manager Salary

2 - 7 years exp. (5 salaries)

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₹11.4 L/yr - ₹16 L/yr

arrow icon 25% less
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Standard Chartered Credit Manager Salary

5 - 12 years exp. (5 salaries)

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₹11 L/yr - ₹15 L/yr

arrow icon 29% less
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Union Bank of India Credit Manager Salary

6 - 11 years exp. (4 salaries)

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₹10 L/yr - ₹19 L/yr

arrow icon 20% less
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Shinhan Bank Credit Manager Salary

6 - 11 years exp. (4 salaries)

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₹8.5 L/yr - ₹12 L/yr

arrow icon 47% less
Credit Manager salary at Canara Bank ranges between ₹13 Lakhs to ₹19.4 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Canara Bank.

Latest annual salaries shared by Canara Bank Credit Manager in Mumbai

1y ago
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8 years exp.
1y ago
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12 years exp.

Experience wise Canara Bank Credit Manager salaries in Mumbai

Last Updated: 19 Jan 2024

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹15 L/yr - ₹32.4 L/yr
8 years (AmbitionBox Estimate)

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₹17 L/yr - ₹32.9 L/yr
9 years (AmbitionBox Estimate)

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₹16.7 L/yr - ₹21.3 L/yr
10 years (AmbitionBox Estimate)

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₹16.9 L/yr - ₹21.6 L/yr
11 years (AmbitionBox Estimate)

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₹17.2 L/yr - ₹22 L/yr
View all
Canara Bank Credit Manager Salary and Career Growth

From

To

Credit Manager

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7 - 12 years exp.

Treasury Manager

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4 - 12 years exp.

From

To

Credit Manager

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7 - 12 years exp.

Senior Manager Credit

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6 - 13 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Canara Bank

Chief Manager Salary
(11 salaries)
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₹13.8 L/yr - ₹27 L/yr
Credit Analyst Salary
(3 salaries)
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₹13 L/yr - ₹19.39 L/yr
Branch Manager Salary
(3 salaries)
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₹10 L/yr - ₹18.5 L/yr

Salary related reviews for Canara Bank

4.2

Rated by 3 employees for salary & benefits

BFSI, Investments & Trading Department

4.0
  •  posted on 24 Oct 2018

4.0
 for  Salary and Benefits

Likes

Conducive work culture, lot of opportunities to grow, reputation in the society and good salary as well.

read more
  • Salary - Good
  • +5 more

Dislikes

Transfers are prominent in all nationalised banks. So always be ready to relocate though you learn your environment wherever we go.

read more

Full Time

 · 

Other Department

3.0
  •  posted on 18 Jan 2025

4.0
 for  Salary and Benefits

Likes

Salary is good now due to bipartite settlements . Now new PLI is also introduced by Finance Ministry for levels above executive cadre

read more
  • Salary - Good
  • +2 more

Dislikes

Work culture is too bad. Looks good ONLY from outside. Those who don't care of their ego , self esteem , family life, health can still enjoy working here by listening anything from their Management.

read more
  • Work satisfaction - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 24 Oct 2024

4.0
 for  Salary and Benefits

Likes

Working in PSB is satisfied in point of job security and also good salary package.

read more
  • Salary - Good
  • +3 more

Dislikes

Learning process is slow because only single officer handel all type of branch work like loan assessment MSME loan Retail loan agriculture loan SMA follow up NPA management etc

read more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 09 Sep 2024

1.0
 for  Salary and Benefits

Likes

PSB salary on time

Dislikes

The worst bank for any employee. No proper infrastructure but wants 100 percent output.Accute staff shortage leading to higher customer dissatisfaction. No work life balance. Not good for Hindi speaking people.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 02 May 2023

4.0
 for  Salary and Benefits

Likes

Good in-hand salary even for a newly joined Officer Perquisites / Allowances

read more
  • Salary - Good
  • +1 more

Dislikes

Forget work-life balance Too much pressure not only from the top management but also from some useless lower & middle management people at Regional Offices & Circle Offices. They are working at the administrative offices just because they have godfathers or the management felt they are not fit to work in branches. Transfer policies do not apply for such people. The management really buries the talented people by transferring them to branches that are performing terribly. Such staff are just like troubleshooters and repairers for the top management. The hard-workers keep working hard. That's it. No proper recognition. Only people who know buttering technique get timely promotions, transfers near their home / administrative offices etc. Moreover after the merger of Canara & Syndicate Banks, the working condition became really pathetic. Thank God!! I came out of it at the right time. That too after serving for 5 years. Absolutely there was no regard for an employee who worked for 5 years in the organization. Only harassment.

read more
  • Skill development - Poor
  • +3 more
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Canara Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Canara Bank in Mumbai?
The average salary of a Credit Manager at Canara Bank in Mumbai typically ranges from ₹13.0 Lakhs to ₹19.4 Lakhs per year, depending on experience (from 7 years to 12 years).

The top 10% of Credit Manager in Mumbai at Canara Bank earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Credit Manager Salaries at Canara 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 4 Canara Bank employees in India.
What is the estimated take home salary of a Credit Manager at Canara Bank in Mumbai?
The estimated take-home salary of a Credit Manager at Canara Bank in Mumbai typically ranges from ₹1,24,717 to ₹1,28,602 per month. This is based on the average salary range of ₹13.0 Lakhs to ₹19.4 Lakhs per year for employees with experience ranging from 7 years to 12 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 Canara Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Canara Bank for Credit Manager in India?
IDBI Bank ₹12.0 Lakhs to ₹28.9 Lakhs per year
State Bank of India ₹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 Canara Bank, depending on the role and experience level.
What is the salary of a Credit Manager in companies similar to Canara Bank in Mumbai?
The salary of a Credit Manager at companies similar to Canara Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of Baroda ₹10.0 Lakhs to ₹19.0 Lakhs per year
Punjab National Bank ₹10.0 Lakhs to ₹20.0 Lakhs per year
Union Bank of India ₹10.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India ₹11.4 Lakhs to ₹16.0 Lakhs per year
Bank of India ₹9.0 Lakhs to ₹18.0 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 Credit Manager at Canara Bank in Mumbai?
The salary growth for a Credit Manager at Canara Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Mumbai can expect the following growth trajectory at Canara Bank:

Experience Average Salary Range
7 years ₹15.0 Lakhs to ₹32.4 Lakhs per year
8 years ₹17.0 Lakhs to ₹32.9 Lakhs per year
9 years ₹16.7 Lakhs to ₹21.3 Lakhs per year
10 years ₹16.9 Lakhs to ₹21.6 Lakhs per year
and so on.

Tell us how to improve this page.

Canara Bank Credit Manager salary in Mumbai ranges between ₹13 Lakhs to ₹19.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Canara Bank latest salaries received from various employees of Canara Bank.