Canara Bank Mumbai Senior Manager Credit Salaries by 5 Employees

7 - 11 years exp.

₹18 Lakhs - ₹26 Lakhs

Avg. annual salary

Monthly In-hand Salary

66% more than the average Senior Manager Credit Salary in Banking Companies for 7 - 11 years of experience

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Salaries in different departments

Finance & Accounting Senior Manager Credit Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹21 L/yr - ₹24.6 L/yr
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BFSI, Investments & Trading Senior Manager Credit Salary 8 years exp. (AmbitionBox Estimate)	₹22.2 L/yr - ₹26 L/yr

Last Updated: 10 Sep 2023

Companies similar to Canara Bank for Senior Manager Credit in Mumbai

Canara Bank Senior Manager Credit Salary

7 - 11 years exp. (5 salaries)

₹18 L/yr - ₹26 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Senior Manager Credit Salary 2 - 11 years exp. (68 salaries)	₹7 L/yr - ₹15 L/yr 48% less
HDFC Bank Senior Manager Credit Salary 4 - 11 years exp. (39 salaries)	₹9 L/yr - ₹21 L/yr 40% less	1 job opening
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ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (34 salaries)	₹11 L/yr - ₹21.5 L/yr 27% less
Yes Bank Senior Manager Credit Salary 4 - 12 years exp. (27 salaries)	₹8.8 L/yr - ₹17 L/yr 41% less
Axis Bank Senior Manager Credit Salary 6 - 14 years exp. (19 salaries)	₹10 L/yr - ₹26.9 L/yr 21% less
IDFC FIRST Bank Senior Manager Credit Salary 5 - 12 years exp. (11 salaries)	₹9.4 L/yr - ₹15 L/yr 51% less
Bank of Baroda Senior Manager Credit Salary 8 - 13 years exp. (11 salaries)	₹12.5 L/yr - ₹25 L/yr 15% less
Union Bank of India Senior Manager Credit Salary 8 - 14 years exp. (10 salaries)	₹11 L/yr - ₹27.5 L/yr 10% more
RBL Bank Senior Manager Credit Salary 1 - 15 years exp. (8 salaries)	₹12 L/yr - ₹15 L/yr 45% less
Punjab National Bank Senior Manager Credit Salary 5 - 12 years exp. (8 salaries)	₹13 L/yr - ₹28 L/yr 2% more
Standard Chartered Senior Manager Credit Salary 4 - 10 years exp. (6 salaries)	₹10.4 L/yr - ₹19.4 L/yr 20% less
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Deutsche Bank Senior Manager Credit Salary 12 - 15 years exp. (3 salaries)	₹16.9 L/yr - ₹21.6 L/yr 20% less

Senior Manager Credit salary at Canara Bank ranges between ₹18 Lakhs to ₹26 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Canara Bank.

Experience wise Canara Bank Senior Manager Credit salaries in Mumbai

Last Updated: 10 Sep 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹20.2 L/yr - ₹25.8 L/yr
8 years (AmbitionBox Estimate)	₹20.5 L/yr - ₹26.3 L/yr
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9 years (AmbitionBox Estimate)	₹20.9 L/yr - ₹26.7 L/yr
10 years (AmbitionBox Estimate)	₹21.2 L/yr - ₹27.1 L/yr
11 years (AmbitionBox Estimate)	₹21.6 L/yr - ₹27.6 L/yr

Similar Designation salaries in Canara Bank

Chief Manager Salary

(13 salaries)

₹12 L/yr - ₹27 L/yr

Credit Manager Salary

(4 salaries)

₹13 L/yr - ₹17.97 L/yr

Branch Manager Salary

(4 salaries)

₹10 L/yr - ₹18.5 L/yr

Credit Analyst Salary

(3 salaries)

₹13 L/yr - ₹19.39 L/yr

Salary related reviews for Canara Bank

Senior Manager Credit in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 11 Apr 2022

3.0

for Salary and Benefits

Likes

Good environment and work culture. Teammates are supportive. Appraisals are fair.

Skill development - Good

+3 more

Dislikes

Career growth us good but salary is average. Work pressure is immense on people who want growth. PAN India transfers comes with promotions.

Senior Manager Credit in Bangalore / Bengaluru

BFSI, Investments & Trading Department

2.0

• posted on 25 Dec 2018

1.0

for Salary and Benefits

Likes

It's tipical PSU. No work life balance and poor compensation. Full of corruption and that too at the cost of young officers and further no protection to the young recruits from their corrupt executives as vigilance will follow their own guidelines even though everyone/ whole bank knows who is the real person involved. I don't recommend any skilled person for PSU banks.

Job security - Excellent

Dislikes

Nothing like team work. No protection from corrupt executives. Only chatu employees can perform better.

Salary - Bad

+5 more

Chief Manager in Ernakulam

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

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.

Work satisfaction - Poor

+2 more

Officer in Bhopal

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.

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

Branch Manager in Baghpat

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.

Salary - Bad

+6 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Canara Bank Senior Manager Credit Salary FAQs

What is the salary of Senior Manager Credit at Canara Bank in Mumbai?

The average salary of a Senior Manager Credit at Canara Bank in Mumbai typically ranges from ₹18.0 Lakhs to ₹26.0 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Senior Manager Credit in Mumbai at Canara Bank earn more than ₹26.0 Lakhs per year, and the top 1% earn over ₹26.0 Lakhs per year. Senior Manager Credit 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 5 Canara Bank employees in India.

What is the estimated take home salary of a Senior Manager Credit at Canara Bank in Mumbai?

The estimated take-home salary of a Senior Manager Credit at Canara Bank in Mumbai typically ranges from ₹1,49,875 to ₹1,55,515 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹26.0 Lakhs per year for employees with experience ranging from 7 years to 11 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 Canara Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Canara Bank for Senior Manager Credit in India?

Union Bank of India	₹11.0 Lakhs to ₹27.5 Lakhs per year
Punjab National Bank	₹13.0 Lakhs to ₹28.0 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 Senior Manager Credit in companies similar to Canara Bank in Mumbai?

The salary of a Senior Manager Credit 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	₹12.5 Lakhs to ₹25.0 Lakhs per year
Standard Chartered	₹10.4 Lakhs to ₹19.4 Lakhs per year
Deutsche Bank	₹16.9 Lakhs to ₹21.6 Lakhs per year
Axis Bank	₹10.0 Lakhs to ₹26.9 Lakhs per year
ICICI Bank	₹11.0 Lakhs to ₹21.5 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 Senior Manager Credit at Canara Bank in Mumbai?

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

Experience	Average Salary Range
7 years	₹20.2 Lakhs to ₹25.8 Lakhs per year
8 years	₹20.5 Lakhs to ₹26.3 Lakhs per year
9 years	₹20.9 Lakhs to ₹26.7 Lakhs per year
10 years	₹21.2 Lakhs to ₹27.1 Lakhs per year

and so on.

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Canara Bank Senior Manager Credit Salaries in Mumbai

Canara Bank Senior Manager Credit salary in Mumbai ranges between ₹18 Lakhs to ₹26 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Canara Bank latest salaries received from various employees of Canara Bank.