HDFC Bank Mumbai Credit Manager Salaries by 400+ Employees (Updated 2025)

0 - 11 years exp.

₹3.6 Lakhs - ₹15 Lakhs

Salary of majority employees

Fixed (98%)

₹8.6 Lakhs

Variable (2%)

₹0.2 Lakh

8% more than the average Credit Manager Salary in Banking Companies for 0 - 11 years of experience

Interested in this particular role? 5 job openings

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 0 - 11 years exp. (173 salaries)	₹4 L/yr - ₹15.1 L/yr
Finance & Accounting Credit Manager Salary 0 - 11 years exp. (135 salaries)	₹4 L/yr - ₹16 L/yr
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Risk Management & Compliance Credit Manager Salary 0 - 11 years exp. (27 salaries)	₹3.5 L/yr - ₹12.5 L/yr
Customer Success, Service & Operations Credit Manager Salary 0 - 9 years exp. (7 salaries)	₹3.2 L/yr - ₹8 L/yr

Last Updated: 16 Feb 2025

Companies similar to HDFC Bank for Credit Manager in Mumbai

HDFC Bank Credit Manager Salary

0 - 11 years exp. (454 salaries)

₹3.6 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Credit Manager Salary 0 - 11 years exp. (566 salaries)	₹4 L/yr - ₹16.5 L/yr 13% more
Axis Bank Credit Manager Salary 0 - 13 years exp. (148 salaries)	₹4 L/yr - ₹15.3 L/yr 7% more
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State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	₹12 L/yr - ₹27 L/yr 106% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (241 salaries)	₹4 L/yr - ₹13 L/yr 6% less
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (35 salaries)	₹3.6 L/yr - ₹11 L/yr 18% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (212 salaries)	₹4.1 L/yr - ₹12.3 L/yr 7% less	1 job opening
Yes Bank Credit Manager Salary 0 - 10 years exp. (73 salaries)	₹4.6 L/yr - ₹14.1 L/yr 3% less
Federal Bank Credit Manager Salary 2 - 12 years exp. (33 salaries)	₹11 L/yr - ₹20 L/yr 78% more
RBL Bank Credit Manager Salary 2 - 11 years exp. (27 salaries)	₹3 L/yr - ₹11.7 L/yr 22% less
Punjab National Bank Credit Manager Salary 4 - 9 years exp. (14 salaries)	₹10 L/yr - ₹20 L/yr 84% more
Utkarsh Small Finance Bank Credit Manager Salary 3 - 9 years exp. (13 salaries)	₹3.9 L/yr - ₹7.6 L/yr 45% less	1 job opening
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IDBI Bank Credit Manager Salary 3 - 17 years exp. (12 salaries)	₹12 L/yr - ₹28.9 L/yr 123% more
Jana Small Finance Bank Credit Manager Salary 2 - 10 years exp. (9 salaries)	₹2.4 L/yr - ₹9 L/yr 34% less
Karur Vysya Bank Credit Manager Salary 4 - 11 years exp. (8 salaries)	₹7 L/yr - ₹16 L/yr 18% more
The Saraswat Co-operative Bank Credit Manager Salary 1 - 12 years exp. (7 salaries)	₹7 L/yr - ₹11.5 L/yr At par
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹11.4 L/yr - ₹16 L/yr 58% more
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	₹13 L/yr - ₹19.3 L/yr 110% more
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹10 L/yr - ₹19 L/yr 86% more
Shinhan Bank Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹8.5 L/yr - ₹12 L/yr 13% more

Credit Manager salary at HDFC Bank ranges between ₹3.6 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 454 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Credit Manager salaries in Mumbai

Last Updated: 16 Feb 2025

Experience	Avg Annual Salary
Fresher (56 salaries)	₹3.5 L/yr - ₹14 L/yr
1 year (77 salaries)	₹3.5 L/yr - ₹14.9 L/yr
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2 years (51 salaries)	₹3.6 L/yr - ₹14.8 L/yr
3 years (58 salaries)	₹4.5 L/yr - ₹13.5 L/yr
4 years (56 salaries)	₹4 L/yr - ₹15.4 L/yr
5 years (40 salaries)	₹3.7 L/yr - ₹14.5 L/yr
6 years (36 salaries)	₹3.8 L/yr - ₹15.7 L/yr
7 years (21 salaries)	₹4.7 L/yr - ₹13.3 L/yr
8 years (23 salaries)	₹5 L/yr - ₹15 L/yr
9 years (14 salaries)	₹5.1 L/yr - ₹13 L/yr
10 years (14 salaries)	₹4.3 L/yr - ₹11 L/yr
11 years (8 salaries)	₹7 L/yr - ₹12 L/yr

View all

Similar Designation salaries in HDFC Bank

Deputy Manager Salary

(3.6k salaries)

₹2 L/yr - ₹10 L/yr

Sales Manager Salary

(572 salaries)

₹3.5 L/yr - ₹13 L/yr

Credit Analyst Salary

(29 salaries)

₹6.72 L/yr - ₹22.48 L/yr

Area Credit Manager Salary

(26 salaries)

₹7.5 L/yr - ₹28.5 L/yr

Deputy Credit Manager Salary

(24 salaries)

₹4.5 L/yr - ₹8.25 L/yr

Credit Officer Salary

(18 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Top skills at HDFC Bank for Credit Manager

Credit Management Credit Underwriting Credit Appraisal Working Capital Credit Analysis Underwriting Credit Policy Wholesale banking Credit Banking SME Personal Loans Credit Risk Lap Portfolio Management

Salary related reviews for HDFC Bank

3.0

Rated by 36 employees for salary & benefits

Credit Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 14 Feb 2024

1.0

for Salary and Benefits

Likes

Hdfc is very focused on accuracy Salary always on time Comp offs available

Job security - Excellent

Dislikes

Work Life balance 0 Promotion based on number's,they forget what difficulties you faced through out the year, if you are missing by 1% also your rating will be gone for a toss, Micro management Biggest problem manpower issue You won't get Pending leaves encashment Very low bonus

Salary - Bad

+3 more

Credit Manager in Kurinjipadi

Full Time

Finance & Accounting Department

4.0

• posted on 11 Nov 2024

2.0

for Salary and Benefits

Likes

I'm working with HDFC for last 7yrs the overall experience is good .I love the company culture and work life balance

Job security - Good

+3 more

Dislikes

Only drawback is salary I have 7 yrs experience in HDFC and I could really feel very underpaid for my experience.

Salary - Poor

Credit Manager in Raipur

Full Time

Risk Management & Compliance Department

3.0

• posted on 20 Aug 2023

3.0

for Salary and Benefits

Likes

...person's works. 3. Time frame is decided for work but workload is very high. 4. New commers are comming in high package as compared to old employees. 5. Average increment is 4.5% in a year which is not fair as compared to inflation rate. 6.Overall status is average.

Job security - Good

Dislikes

Employee retention is poor.

Promotions - Poor

Credit Manager in Bilaspur

Full Time

Risk Management & Compliance Department

1.0

• posted on 03 Aug 2023

3.0

for Salary and Benefits

Likes

Pathetic work culture with pathetic Benefits and Infrastructure. Those who are joining due to high salary you will overcompensate for that. Your salary gradually get adjusted in your appraisals. And in any case you are willing to join ask them if they can provide you a seat or otherwise you will be working from home at your own expense.

Job security - Good

Dislikes

See above

Skill development - Bad

+4 more

Credit Manager in New Delhi

Full Time

Finance & Accounting Department

3.0

• posted on 30 May 2023

3.0

for Salary and Benefits

Likes

Job security Professional Culture After serving 2-3 years, I was able to manage all issues and got good rating, Bonus and good work life balance and I had enough time to learn new things

Job security - Excellent

+1 more

Dislikes

Work Life balance For New Joiners - Manpower issue - Overloaded backlog work Increment on average rating is 4% which is very low for people who are working under minimum pay and 1st year 90% employees get 4% No outing to release stress - Overloaded queues Monetary benefit amount also gets after 3-4 months which is also too long time Referral amount is only if both employees are working, Good strategy but not employee friendly Mental pressure by Senior Management

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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HDFC Bank Credit Manager Salary FAQs

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

Credit Manager salary at HDFC Bank in Mumbai ranges between ₹3.6 Lakhs to ₹15.0 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 8% more than the average Credit Manager Salary in India. Salary estimates are based on 454 latest salaries received from various employees of HDFC Bank Mumbai.

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

The average salary of a Credit Manager at HDFC Bank is 8% more than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at HDFC Bank?

Credit Management, Credit Underwriting, Credit Appraisal, Working Capital and Credit Analysis are some of the popular skills required to work as a Credit Manager at HDFC Bank Mumbai.

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

IDBI Bank Credit Manager Salary - ₹12.0 Lakhs to ₹28.9 Lakhs per year
Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹19.3 Lakhs per year
State Bank of India Credit Manager Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 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 HDFC Bank in Mumbai?

Federal Bank Credit Manager Salary - ₹11.0 Lakhs to ₹20.0 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 - ₹4.0 Lakhs to ₹16.5 Lakhs per year

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

The estimated take-home salary of a Credit Manager at HDFC Bank ranges between ₹64,370 per month to ₹66,011 per month in Mumbai. The take-home salary calculation is based on the average HDFC Bank Credit Manager salary in India which ranges between ₹3.6 Lakhs to ₹15.0 Lakhs per year for employees with less than 1 year of experience to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 52% of the HDFC Bank Credit Managers in Mumbai reported a notice period of 3 Months, 38% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 233 responses on AmbitionBox in last 2 years.

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HDFC Bank Credit Manager Salaries in Mumbai

HDFC Bank Credit Manager salary in Mumbai ranges between ₹3.6 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 454 HDFC Bank latest salaries received from various employees of HDFC Bank.

HDFC Bank Credit Manager salaries in Mumbai

Companies similar to HDFC Bank for Credit Manager in Mumbai

Latest annual salaries shared by HDFC Bank Credit Manager in Mumbai

Experience wise HDFC Bank Credit Manager salaries in Mumbai

Similar Designation salaries in HDFC Bank

Top skills at HDFC Bank for Credit Manager

Salary related reviews for HDFC Bank

Credit Manager in Bhubaneswar

Credit Manager in Kurinjipadi

Credit Manager in Raipur

Credit Manager in Bilaspur

Credit Manager in New Delhi

HDFC Bank Credit Manager Salary FAQs

Tell us how to improve this page.