SMFG India Credit Cluster Risk Manager Salaries by 9 Employees (Updated 2025)

4 - 12 years exp.

₹5 Lakhs - ₹7.8 Lakhs

Low Confidence

Salary of majority employees

14% less than the average Cluster Risk Manager Salary in NBFC Companies for 4 - 12 years of experience

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Salaries in different departments

Finance & Accounting Cluster Risk Manager Salary 5 - 12 years exp. (5 salaries)	₹5.1 L/yr - ₹7.8 L/yr
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BFSI, Investments & Trading Cluster Risk Manager Salary 4 - 10 years exp. (4 salaries)	₹5 L/yr - ₹6.7 L/yr

Last Updated: 11 Nov 2023

Companies similar to SMFG India Credit for Cluster Risk Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Risk Manager Salary 5 - 12 years exp. (4 salaries)	₹16 L/yr - ₹21.1 L/yr 223% more
L&T Finance Cluster Risk Manager Salary 6 - 10 years exp. (38 salaries)	₹5.3 L/yr - ₹9.6 L/yr 34% more
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Satin Creditcare Network Cluster Risk Manager Salary 5 - 12 years exp. (7 salaries)	₹4.8 L/yr - ₹5.8 L/yr 5% less
Unity Small Finance Bank Cluster Risk Manager Salary 2 - 9 years exp. (12 salaries)	₹3.4 L/yr - ₹5.1 L/yr 27% less
Svatantra Microfin Cluster Risk Manager Salary 0 - 3 years exp. (6 salaries)	₹4 L/yr - ₹5.5 L/yr 14% less

Cluster Risk Manager salary at SMFG India Credit ranges between ₹5 Lakhs to ₹7.8 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 9 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Cluster Risk Manager salaries

Last Updated: 11 Nov 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.7 L/yr
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6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
8 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹10.1 L/yr
9 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.8 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.4 L/yr
11 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.7 L/yr
12 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.8 L/yr

View all

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Salary related reviews for SMFG India Credit

4.4

Rated by 5 employees for salary & benefits

Cluster Risk Manager in Shivamogga

Finance & Accounting Department

4.0

• posted on 29 Sep 2018

5.0

for Salary and Benefits

Likes

Excellent learning platform, and excellent growth if work hard, nothing to worry about salary, work environment is good, platform to know or do new innovations, etc overall satisfactory

Salary - Excellent

+6 more

Dislikes

overall excellent

Cluster Risk Manager

Risk Department

4.0

• posted on 10 May 2018

5.0

for Salary and Benefits

Likes

In terms of Compensation and work hour it is the best company but if u are in initial years of your career and you need to develop ur skills and learn it's not ur place. It not corporate culture it can be described as full Desi culture

Salary - Excellent

+3 more

Dislikes

Corporate Culture is missing no ethical standards Senior Management is not qualified enough

Branch Manager in Mumbai

Vehicle Finance Department

5.0

• posted on 26 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Tele Calling Officer in Rajahmundry

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 15 Dec 2024

4.0

for Salary and Benefits

Likes

I worked as a tele calling officer. I like the salary and benefits. But I didn't receive them because of I'm a tele calling officer l.

Salary - Good

Dislikes

Internal politics. Senior officers are very rude to freshers. Very less opportunities to promotions. Unsecured for women.

Promotions - Poor

+2 more

Transaction Officer in Lucknow

Full Time

Risk Management & Compliance Department

2.0

• posted on 28 Oct 2024

3.0

for Salary and Benefits

Likes

One thing is better that salary will credit on last day of month and everythings are bad for every staff. Work load is too high that a person can suiside.

Dislikes

Overall score not good. Company culture इस very bad. 16hrs work in everyday since morning late night 11:30 PM. No leave and no bonus. Work load is too high that a person can suside by stress/pressure. All day working

Skill development - Bad

+3 more

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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SMFG India Credit Cluster Risk Manager Salary FAQs

What is the salary of Cluster Risk Manager at SMFG India Credit?

Cluster Risk Manager salary at SMFG India Credit in India ranges between ₹5.0 Lakhs to ₹7.8 Lakhs for experience between 4 years to 12 years. According to our estimates it is 14% less than the average Cluster Risk Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of SMFG India Credit India.

How does the salary of a Cluster Risk Manager at SMFG India Credit India compare with the average salary range for this job?

The average salary of a Cluster Risk Manager at SMFG India Credit is 14% less than the average salary of a Cluster Risk Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SMFG India Credit to a Cluster Risk Manager in India?

Bajaj Finance Cluster Risk Manager Salary - ₹16.0 Lakhs to ₹21.1 Lakhs per year
L&T Finance Cluster Risk Manager Salary - ₹5.3 Lakhs to ₹9.6 Lakhs per year

What is the salary of a Cluster Risk Manager in companies similar to SMFG India Credit in India?

Satin Creditcare Network Cluster Risk Manager Salary - ₹4.8 Lakhs to ₹5.8 Lakhs per year
Svatantra Microfin Cluster Risk Manager Salary - ₹4.0 Lakhs to ₹5.5 Lakhs per year
Unity Small Finance Bank Cluster Risk Manager Salary - ₹3.4 Lakhs to ₹5.1 Lakhs per year

What is the estimated take home salary of a Cluster Risk Manager at SMFG India Credit in India?

The estimated take-home salary of a Cluster Risk Manager at SMFG India Credit ranges between ₹42,927 per month to ₹44,049 per month in India. The take-home salary calculation is based on the average SMFG India Credit Cluster Risk Manager salary in India which ranges between ₹5.0 Lakhs to ₹7.8 Lakhs per year for employees with experience between 4 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Cluster Risk Manager at SMFG India Credit?

According to AmbitionBox, 100% of the SMFG India Credit Cluster Risk Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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SMFG India Credit Cluster Risk Manager Salaries

SMFG India Credit Cluster Risk Manager salary in India ranges between ₹5 Lakhs to ₹7.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 SMFG India Credit latest salaries received from various employees of SMFG India Credit.