Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by HDFC Bank Team. If you also belong to the team, you can get access from here

HDFC Bank Verified Tick

Compare button icon Compare button icon Compare

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

zig zag pattern zig zag pattern
filter salariesFilter salaries by
Experience
Mumbai
Department

Clear (1)

HDFC Bank Credit Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 11 years exp.
₹4 Lakhs - ₹15 Lakhs
Salary of majority employees
unlock blur
Fixed (98%)
₹8.6 Lakhs
Variable (2%)
₹0.2 Lakh
unlock blur Lock Unlock

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. (174 salaries)
unlock-blur Lock Unlock

₹4 L/yr - ₹15 L/yr

Finance & Accounting
Credit Manager Salary
0 - 10 years exp. (130 salaries)
unlock-blur Lock Unlock

₹4 L/yr - ₹16 L/yr

Risk Management & Compliance
Credit Manager Salary
0 - 11 years exp. (29 salaries)
unlock-blur Lock Unlock

₹3.5 L/yr - ₹14.8 L/yr

Customer Success, Service & Operations
Credit Manager Salary
0 - 9 years exp. (7 salaries)
unlock-blur Lock Unlock

₹3.2 L/yr - ₹8 L/yr

Last Updated: 3 Mar 2025

Companies similar to HDFC Bank for Credit Manager in Mumbai

Logo
HDFC Bank Credit Manager Salary

0 - 11 years exp. (450 salaries)

unlock blur Lock Unlock

₹4 L/yr - ₹15 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
ICICI Bank Credit Manager Salary

0 - 11 years exp. (561 salaries)

unlock blur Lock Unlock

₹4 L/yr - ₹16.5 L/yr

arrow icon 12% more
Logo
Axis Bank Credit Manager Salary

0 - 12 years exp. (145 salaries)

unlock blur Lock Unlock

₹4 L/yr - ₹15.3 L/yr

arrow icon 2% more
Logo
State Bank of India Credit Manager Salary

12 - 14 years exp. (6 salaries)

unlock blur Lock Unlock

₹12 L/yr - ₹27 L/yr

arrow icon 117% more
Logo
Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (240 salaries)

unlock blur Lock Unlock

₹3.6 L/yr - ₹13 L/yr

arrow icon 1% more
Logo
IndusInd Bank Credit Manager Salary

2 - 12 years exp. (35 salaries)

unlock blur Lock Unlock

₹3.6 L/yr - ₹11 L/yr

arrow icon 12% less
Logo
IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (213 salaries)

unlock blur Lock Unlock

₹3 L/yr - ₹13 L/yr

arrow icon 11% less
1 job opening
Logo
Yes Bank Credit Manager Salary

0 - 10 years exp. (75 salaries)

unlock blur Lock Unlock

₹4.6 L/yr - ₹14 L/yr

arrow icon 3% less
1 job opening
Logo
Federal Bank Credit Manager Salary

2 - 12 years exp. (33 salaries)

unlock blur Lock Unlock

₹11 L/yr - ₹20 L/yr

arrow icon 78% more
Logo
RBL Bank Credit Manager Salary

2 - 11 years exp. (27 salaries)

unlock blur Lock Unlock

₹3 L/yr - ₹11.7 L/yr

arrow icon 22% less
Logo
Punjab National Bank Credit Manager Salary

4 - 9 years exp. (14 salaries)

unlock blur Lock Unlock

₹10 L/yr - ₹20 L/yr

arrow icon 84% more
Logo
IDBI Bank Credit Manager Salary

2 - 17 years exp. (13 salaries)

unlock blur Lock Unlock

₹12 L/yr - ₹28.9 L/yr

arrow icon 120% more
unlock blur Lock Unlock

₹3.9 L/yr - ₹7.6 L/yr

arrow icon 44% less
2 job openings
Logo
Jana Small Finance Bank Credit Manager Salary

2 - 10 years exp. (9 salaries)

unlock blur Lock Unlock

₹2.4 L/yr - ₹9 L/yr

arrow icon 40% less
Logo
Karur Vysya Bank Credit Manager Salary

4 - 11 years exp. (9 salaries)

unlock blur Lock Unlock

₹7 L/yr - ₹16 L/yr

arrow icon 19% more
unlock blur Lock Unlock

₹7 L/yr - ₹11.5 L/yr

arrow icon 3% more
Logo
Central Bank of India Credit Manager Salary

2 - 7 years exp. (5 salaries)

unlock blur Lock Unlock

₹11.4 L/yr - ₹16 L/yr

arrow icon 58% more
Logo
Canara Bank Credit Manager Salary

7 - 12 years exp. (4 salaries)

unlock blur Lock Unlock

₹13 L/yr - ₹19.3 L/yr

arrow icon 111% more
Logo
Union Bank of India Credit Manager Salary

6 - 11 years exp. (4 salaries)

unlock blur Lock Unlock

₹10 L/yr - ₹19 L/yr

arrow icon 76% more
Logo
Shinhan Bank Credit Manager Salary

6 - 11 years exp. (4 salaries)

unlock blur Lock Unlock

₹8.5 L/yr - ₹12 L/yr

arrow icon 13% more

Women @ Work is now live!

Explore industry insights, find exclusive jobs & unlock exciting rewards

Credit Manager salary at HDFC Bank ranges between ₹4 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 450 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Credit Manager in Mumbai

5d ago
avg blur mobile Lock Unlock
11 years exp.
6d ago
avg blur mobile Lock Unlock
1 year exp.
1w ago
avg blur mobile Lock Unlock
1 year exp.
1w ago
avg blur mobile Lock Unlock
6 years exp.
2w ago
avg blur mobile Lock Unlock
2 months exp.
2w ago
avg blur mobile Lock Unlock
5 years exp.
2w ago
avg blur mobile Lock Unlock
5 years exp.
2w ago
avg blur mobile Lock Unlock
5 years exp.
3w ago
avg blur mobile Lock Unlock
4 years exp.
3w ago
avg blur mobile Lock Unlock
4 years exp.

Experience wise HDFC Bank Credit Manager salaries in Mumbai

Last Updated: 3 Mar 2025

Experience Avg Annual Salary
Fresher  (56 salaries)

unlock blur Lock Unlock

₹3.5 L/yr - ₹14 L/yr
1 year  (76 salaries)

unlock blur Lock Unlock

₹3.5 L/yr - ₹15 L/yr
2 years  (51 salaries)

unlock blur Lock Unlock

₹3.6 L/yr - ₹14.8 L/yr
3 years  (58 salaries)

unlock blur Lock Unlock

₹4.5 L/yr - ₹13.5 L/yr
4 years  (55 salaries)

unlock blur Lock Unlock

₹4 L/yr - ₹15.4 L/yr
View all

Similar Designation salaries in HDFC Bank

Deputy Manager Salary
(3.6k salaries)
unlock blur Lock Unlock
₹2 L/yr - ₹10.21 L/yr
Sales Manager Salary
(566 salaries)
unlock blur Lock Unlock
₹3.5 L/yr - ₹13 L/yr
Credit Analyst Salary
(30 salaries)
unlock blur Lock Unlock
₹6.85 L/yr - ₹22 L/yr
unlock blur Lock Unlock
₹7.5 L/yr - ₹28.5 L/yr
unlock blur Lock Unlock
₹4.5 L/yr - ₹8.25 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
Contribute & help others!
anonymous
You can choose to be anonymous

Salary related reviews for HDFC Bank

2.8

Rated by 37 employees for salary & benefits

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

read more
  • 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

read more
  • Salary - Bad
  • +3 more

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.

read more
  • Salary - Poor

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.

read more
  • Job security - Good

Dislikes

Employee retention is poor.

  • Promotions - Poor

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.

read more
  • Job security - Good

Dislikes

See above

  • Skill development - Bad
  • +4 more

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

read more
  • 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

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

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 ₹4.0 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 450 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
  • 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 ₹19.3 Lakhs per year
  • Punjab National Bank Credit Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year
  • Federal Bank Credit Manager Salary - ₹11.0 Lakhs to ₹20.0 Lakhs per year
What is the salary of a Credit Manager in companies similar to HDFC 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 - ₹4.0 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 ₹64,323 per month to ₹65,962 per month in Mumbai. The take-home salary calculation is based on the average HDFC Bank Credit Manager salary in India which ranges between ₹4.0 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 232 responses on AmbitionBox in last 2 years.

Recently Viewed

SALARIES

HDFC Bank

SALARIES

HDFC Bank

SALARIES

HDFC Bank

INTERVIEWS

AXIS Capital

No Interviews

REVIEWS

HDFC Bank

No Reviews

REVIEWS

HDFC Bank

No Reviews

SALARIES

Jana Small Finance Bank

INTERVIEWS

MENSA

No Interviews

REVIEWS

iEnergizer

No Reviews

Tell us how to improve this page.

HDFC Bank Credit Manager salary in Mumbai ranges between ₹4 Lakhs to ₹15 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 450 HDFC Bank latest salaries received from various employees of HDFC Bank.

Rate your experience using AmbitionBox
Terrible
Terrible
Poor
Poor
Average
Average
Good
Good
Excellent
Excellent