Federal Bank Mumbai Credit Manager Salaries by 30+ Employees (Updated 2024)

2 - 12 years exp.

₹10 Lakhs - ₹20 Lakhs

Salary of majority employees

98% more than the average Credit Manager Salary in Banking Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 2 - 12 years exp. (19 salaries)	₹10 L/yr - ₹18.8 L/yr
Finance & Accounting Credit Manager Salary 2 - 12 years exp. (4 salaries)	₹12 L/yr - ₹20 L/yr
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Risk Management & Compliance Credit Manager Salary 2 - 12 years exp. (4 salaries)	₹13 L/yr - ₹17.5 L/yr
Product Management Credit Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹17.4 L/yr - ₹19 L/yr

Last Updated: 28 Aug 2024

Companies similar to Federal Bank for Credit Manager in Mumbai

Federal Bank Credit Manager Salary

2 - 12 years exp. (35 salaries)

₹10 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Credit Manager Salary 3 - 14 years exp. (8 salaries)	₹12 L/yr - ₹27 L/yr 14% more
ICICI Bank Credit Manager Salary 0 - 11 years exp. (561 salaries)	₹4.3 L/yr - ₹15.2 L/yr 38% less
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HDFC Bank Credit Manager Salary 0 - 12 years exp. (442 salaries)	₹4 L/yr - ₹14 L/yr 42% less	4 job openings
Axis Bank Credit Manager Salary 0 - 13 years exp. (143 salaries)	₹4 L/yr - ₹14.9 L/yr 42% less
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (236 salaries)	₹3.6 L/yr - ₹15.2 L/yr 45% less
Yes Bank Credit Manager Salary 0 - 10 years exp. (71 salaries)	₹4.9 L/yr - ₹14.2 L/yr 45% less	2 job openings
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (202 salaries)	₹3 L/yr - ₹13 L/yr 52% less	1 job opening
IndusInd Bank Credit Manager Salary 2 - 11 years exp. (33 salaries)	₹3.6 L/yr - ₹11.4 L/yr 54% less
Punjab National Bank Credit Manager Salary 4 - 9 years exp. (14 salaries)	₹10 L/yr - ₹20 L/yr 4% more
Bank of Baroda Credit Manager Salary 3 - 12 years exp. (26 salaries)	₹8 L/yr - ₹22 L/yr 4% more
RBL Bank Credit Manager Salary 1 - 10 years exp. (27 salaries)	₹3 L/yr - ₹11.5 L/yr 59% less
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IDBI Bank Credit Manager Salary 3 - 17 years exp. (13 salaries)	₹8 L/yr - ₹24.8 L/yr 19% more
Utkarsh Small Finance Bank Credit Manager Salary 3 - 9 years exp. (13 salaries)	₹3.9 L/yr - ₹8.5 L/yr 65% less
Bandhan Bank Credit Manager Salary 2 - 8 years exp. (11 salaries)	₹3.5 L/yr - ₹11 L/yr 59% less
Jana Small Finance Bank Credit Manager Salary 2 - 10 years exp. (10 salaries)	₹3 L/yr - ₹9 L/yr 65% less
Karur Vysya Bank Credit Manager Salary 1 - 11 years exp. (9 salaries)	₹7 L/yr - ₹16 L/yr 32% less
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹11.4 L/yr - ₹16 L/yr 14% less
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	₹13 L/yr - ₹18.7 L/yr 13% more
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹10 L/yr - ₹19 L/yr At par
Shinhan Bank Credit Manager Salary 6 - 10 years exp. (3 salaries)	₹8.5 L/yr - ₹12 L/yr 36% less

Credit Manager salary at Federal Bank ranges between ₹10 Lakhs to ₹20 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 35 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Credit Manager salaries in Mumbai

Last Updated: 28 Aug 2024

Experience	Avg Annual Salary
2 years (6 salaries)	₹10 L/yr - ₹17.5 L/yr
3 years (6 salaries)	₹12.5 L/yr - ₹16.5 L/yr
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4 years (3 salaries)	₹13 L/yr - ₹18 L/yr
5 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹19 L/yr
6 years (AmbitionBox Estimate)	₹15 L/yr - ₹19 L/yr
7 years (AmbitionBox Estimate)	₹15 L/yr - ₹19 L/yr
8 years (4 salaries)	₹12 L/yr - ₹28.9 L/yr
9 years (AmbitionBox Estimate)	₹11 L/yr - ₹29.1 L/yr
10 years (3 salaries)	₹12 L/yr - ₹18 L/yr
11 years (3 salaries)	₹12 L/yr - ₹18 L/yr
12 years (3 salaries)	₹6.6 L/yr - ₹20 L/yr

View all

Similar Designation salaries in Federal Bank

Credit Analyst Salary

(19 salaries)

₹8 L/yr - ₹17 L/yr

Credit Officer Salary

(7 salaries)

₹5.8 L/yr - ₹16 L/yr

Salary related reviews for Federal Bank

Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 May 2022

4.0

for Salary and Benefits

Likes

... 2. HR policies are favorable for employees. 3. Sales pressure is moderate. 4. Joining salary is one of the best in the industry.

Dislikes

1. Unclear process for business development. 2. Union culture, a hurdle in work culture. 3. Learning is confined. 4. No performance linked incentive & annual increments are peanuts.

Associate Vice President in Thiruvananthapuram

Customer Success, Service & Operations Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

...ing.If we are deserving n performing well ,we will be noticed by the higher ups.Fair appraisals and good compensation n allowances also.

Dislikes

Top management decisions and policies are not conveyed to field level employees n we feel aliens at times.There should be a platform where one can raise a concern directly to a top leader.

Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 24 Nov 2024

5.0

for Salary and Benefits

Likes

Pay scale is good, less Pressure,

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

Assistant Manager in Khambhalia

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary and perks are good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

Self Employed Professional in Rajkot

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 30 May 2024

4.0

for Salary and Benefits

Likes

One thing I like is that the salary comes on time. And others allowance.

Dislikes

There are many things that are not good in the bank. Like work time 'starting from 9:45 every morning and have no idea when to come back almost 12 hours work everyday. Thus the employee's private life remains nothing. Neither he can take time for himself nor can he give time to his family. Another thing is that he does not give transfer near the employee's house. He does not understand anyone's situation. Due to such an environment, the employee becomes frustrated and prone to leave the job. It is requested to think about the employee and take a good solution for not hiding from the site after reading the review. And do not discriminate between male and female employees regarding office time and transfer.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Federal Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Federal Bank Mumbai?

Credit Manager salary at Federal Bank in Mumbai ranges between ₹10.0 Lakhs to ₹20.0 Lakhs for experience between 2 years to 12 years. According to our estimates it is 98% more than the average Credit Manager Salary in India. Salary estimates are based on 35 latest salaries received from various employees of Federal Bank Mumbai.

How does the salary of a Credit Manager at Federal Bank Mumbai compare with the average salary range for this job?

The average salary of a Credit Manager at Federal Bank is 98% more than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Federal Bank to a Credit Manager in Mumbai?

IDBI Bank Credit Manager Salary - ₹8.0 Lakhs to ₹24.8 Lakhs per year
State Bank of India Credit Manager Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹18.7 Lakhs per year
Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹22.0 Lakhs per year
Punjab National Bank Credit Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to Federal Bank in Mumbai?

Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India Credit Manager Salary - ₹11.4 Lakhs to ₹16.0 Lakhs per year
Karur Vysya Bank Credit Manager Salary - ₹7.0 Lakhs to ₹16.0 Lakhs per year
Shinhan Bank Credit Manager Salary - ₹8.5 Lakhs to ₹12.0 Lakhs per year
ICICI Bank Credit Manager Salary - ₹4.3 Lakhs to ₹15.2 Lakhs per year

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

The estimated take-home salary of a Credit Manager at Federal Bank ranges between ₹1,08,775 per month to ₹1,11,780 per month in Mumbai. The take-home salary calculation is based on the average Federal Bank Credit Manager salary in India which ranges between ₹10.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 2 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Federal Bank in Mumbai?

According to AmbitionBox, 95% of the Federal Bank Credit Managers in Mumbai reported a notice period of 3 Months, 5% reported a notice period of More than 3 months.This is based on 20 responses on AmbitionBox in last 2 years.

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Federal Bank Credit Manager Salaries in Mumbai

Federal Bank Credit Manager salary in Mumbai ranges between ₹10 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 Federal Bank latest salaries received from various employees of Federal Bank.