SMFG India Credit Recovery Manager Salaries by 10 Employees

3 - 9 years exp.

₹2.5 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

29% less than the average Recovery Manager Salary in NBFC Companies for 3 - 9 years of experience

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Salaries in different departments

Finance & Accounting Recovery Manager Salary 3 - 9 years exp. (5 salaries)	₹2.5 L/yr - ₹5 L/yr
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BFSI, Investments & Trading Recovery Manager Salary 5 - 8 years exp. (3 salaries)	₹3 L/yr - ₹4.8 L/yr

Last Updated: 14 Sep 2024

Companies similar to SMFG India Credit for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Recovery Manager Salary 1 - 8 years exp. (7 salaries)	₹3.5 L/yr - ₹6.2 L/yr 22% more
HDFC Bank Recovery Manager Salary 5 - 18 years exp. (17 salaries)	₹3.5 L/yr - ₹13.5 L/yr 96% more
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ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 86% more
Mahindra Finance Recovery Manager Salary 4 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹4.5 L/yr 2% more
Shriram Finance Recovery Manager Salary 4 - 14 years exp. (28 salaries)	₹2 L/yr - ₹6 L/yr 5% less
Edelweiss Recovery Manager Salary 10 - 15 years exp. (3 salaries)	₹3 L/yr - ₹5.4 L/yr 19% more
HDB Financial Services Recovery Manager Salary 4 - 14 years exp. (7 salaries)	₹4.5 L/yr - ₹6.6 L/yr 48% more
Manappuram Finance Recovery Manager Salary 8 - 23 years exp. (3 salaries)	₹3 L/yr - ₹7.5 L/yr 87% more
Mahindra Rural Housing Finance Recovery Manager Salary 2 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 46% less

Recovery Manager salary at SMFG India Credit ranges between ₹2.5 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 10 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Recovery Manager salaries

Last Updated: 14 Sep 2024

Experience	Avg Annual Salary
3 years (3 salaries)	₹2.5 L/yr - ₹3.6 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.1 L/yr
8 years (3 salaries)	₹3.6 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.4 L/yr

View all

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Top skills at SMFG India Credit for Recovery Manager

Collections Quality Improvement Finance Team Leading Customer Management Recovery Auditing Payment Processing

Salary related reviews for SMFG India Credit

3.9

Rated by 6 employees for salary & benefits

Collection Officer in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 29 Sep 2023

5.0

for Salary and Benefits

Likes

I am happy with working pattern like a home, salary,perks is heigher from a standards MNC . I had given 💯 percentage from our end.

Salary - Excellent

+3 more

Dislikes

Some time learning and promotion things not meet accordance to me. Overall some time happy rather not satisfied.

Promotions - Poor

Territory Collection Manager in Coimbatore

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 12 Sep 2023

4.0

for Salary and Benefits

Likes

The salary package & the incentives paid is good.

Salary - Good

Dislikes

Time management, not understanding employee needed during various situation & not handling the employees softly & clearing customers issues, not done till date.

Skill development - Poor

+3 more

Collection Officer in Lalgudi

Full Time

Collection department Department

4.0

• posted on 15 Nov 2022

5.0

for Salary and Benefits

Likes

...rs are very selfish and cannot think about team members life. So I disappointed. But company salary and incentives are very attractive.

Salary - Excellent

+2 more

Dislikes

Team members have lot of problems due to partiality and politics

Job security - Poor

Area Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Apr 2022

5.0

for Salary and Benefits

Likes

..., Learning Various Products and Policy. Good Friendly Natural of Company Senior. Best Pay Scale in industry.

Salary - Excellent

+6 more

Dislikes

Only system issues and software not working properly. IT issue.

Agency Manager in Kapadvanj

BFSI, Investments & Trading Department

2.0

• posted on 10 Dec 2021

5.0

for Salary and Benefits

Likes

Good supports from local siniors ,Good incetives.

Salary - Excellent

Dislikes

Provide higer salary and grade to New recruited employee instade existing and vintage employee however had more efficient and more experienced.Internal politics by state heads.If ur perfomer good skills to hendling team didnt get proper reward.However company & Hr is verry good

Skill development - Poor

+4 more

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Salary Discussions, Hike & Promotions

a system engineer

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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SMFG India Credit Recovery Manager Salary FAQs

What is the salary of Recovery Manager at SMFG India Credit ?

The average salary of a Recovery Manager at SMFG India Credit in India typically ranges from ₹2.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 9 years).

The top 10% of Recovery Manager at SMFG India Credit earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Recovery Manager Salaries at SMFG India Credit 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 10 SMFG India Credit employees in India.

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

The estimated take-home salary of a Recovery Manager at SMFG India Credit in India typically ranges from ₹28,273 to ₹29,663 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years to 9 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 10 salaries received from various employees of SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Recovery Manager at SMFG India Credit ?

To be a Recovery Manager at SMFG India Credit in india, the key skills required include:

- Collections
- Quality Improvement
- Finance
- Team Leading
- Customer Management

These skills are highly valued at SMFG India Credit and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SMFG India Credit for Recovery Manager in India?

HDFC Bank	₹3.5 Lakhs to ₹13.5 Lakhs per year
Manappuram Finance	₹3.0 Lakhs to ₹7.5 Lakhs per year
ICICI Bank	₹5.5 Lakhs to ₹9.0 Lakhs per year
HDB Financial Services	₹4.5 Lakhs to ₹6.6 Lakhs per year
Bajaj Finance	₹3.5 Lakhs to ₹6.2 Lakhs per year

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

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

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

Edelweiss	₹3.0 Lakhs to ₹5.4 Lakhs per year
Mahindra Finance	₹3.1 Lakhs to ₹4.5 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹6.0 Lakhs per year
Mahindra Rural Housing Finance	₹1.7 Lakhs to ₹2.4 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 Recovery Manager at SMFG India Credit in India?

The salary growth for a Recovery Manager at SMFG India Credit depends on factors such as experience, performance, and promotions. On average, a Recovery Manager can expect the following growth trajectory at SMFG India Credit:

Experience	Average Salary Range
3 years	₹2.5 Lakhs to ₹3.6 Lakhs per year
4 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
5 years	₹1.5 Lakhs to ₹4.1 Lakhs per year
6 years	₹3.2 Lakhs to ₹6.9 Lakhs per year

and so on.

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SMFG India Credit Recovery Manager Salaries

SMFG India Credit Recovery Manager salary in India ranges between ₹2.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 SMFG India Credit latest salaries received from various employees of SMFG India Credit.