HDFC Bank Cluster Collection Manager salaries in India

Likes

Working Hours (9:30 to 5:30 some time 9:30 to 7:30(occasionally) Work Pressure is very low in debt recovery or collections department if, you compare the same with other companies. Job security

Dislikes

Salary increment (3 rating 4%, 2 rating 5 to 6%, 1 rating 7% to 9 % approximately) Bonus structure

Likes

Work life balance

Dislikes

... exploiting the manpower by not giving justice to the effort and their salaries. The industry average is almost 100% higher than the salary they provide. And, with 3-4% increment, you will never beat the inflation. So salary wise - A big NO!! For ex:- AVP (D1 Band) salary in the Bank can go as low as <20 Lacs (almost 15+ years of experience). Exploitation at its peak.

Likes

There's nothing to like about this bank. Been working for almost 2yrs now and not a single day I've had peace.

Dislikes

...ations part. All they care about is only LI. More like a Life Insurance company. No pay for overtime. Absolutely t.o.x.i.c place no matter which branch you work in. And what the funnier part is they make you work even if you are sick and suggested complete bed rest for a week. They never give you leave even if you're dying. Made me work till 11pm in my initial days. A very non-employee friendly company. And if you can b.o.ot l.i.c.k your Branch Manager and Cluster Head, you will get a good rating else you'll only end up with C rating with a yearly bonus of mere 10k and a mere 300-400 raise on your salary. Lol!

Likes

I like everything except not paying correct salary to the person who is responsible and complete their works even no good ratings

Dislikes

... still not given good rating as they informed me tht they will give good rating.and salary hike but only 1200 increased in my salary nowadays we are not getting anything with 1200 I hope management should understand about the situation of all

Likes

Bank was good in sharing bonus and incentives but from last 5-6 years bank is rushing too much. No satisfaction no growth neither growth in career.

Dislikes

...layed and other banks giving appraisal in mostly by April but here done in june. No growth in salary, very much pressure to deliver, no satisfaction of work, too much competition even at senior level. Everyone wants to keep their head. Too many products and bank want each to push without proper training and segregated departments. They just want buisness any how. And culture is going downwards way only.