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HDFC Bank Credit Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 12 years exp.
₹4 Lakhs - ₹15 Lakhs
Salary of majority employees
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Fixed (92%)
₹8.6 Lakhs
Variable (8%)
₹0.8 Lakh
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15% more than the average Credit Manager Salary in Banking Companies for 0 - 12 years of experience

Interested in this particular role? 12 job openings

Salaries in different departments

BFSI, Investments & Trading
Credit Manager Salary
0 - 12 years exp. (175 salaries)
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₹4 L/yr - ₹16.5 L/yr

Finance & Accounting
Credit Manager Salary
0 - 10 years exp. (132 salaries)
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₹4 L/yr - ₹16 L/yr

Risk Management & Compliance
Credit Manager Salary
0 - 11 years exp. (30 salaries)
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₹3.9 L/yr - ₹14.8 L/yr

Last Updated: 22 Mar 2025

Companies similar to HDFC Bank for Credit Manager in Mumbai

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HDFC Bank Credit Manager Salary

0 - 12 years exp. (450 salaries)

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₹4 L/yr - ₹15 L/yr

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

0 - 11 years exp. (559 salaries)

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₹4 L/yr - ₹17.4 L/yr

arrow icon 6% more
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Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (237 salaries)

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₹3.7 L/yr - ₹13 L/yr

arrow icon 10% less
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (211 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 17% less
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Axis Bank Credit Manager Salary

0 - 12 years exp. (151 salaries)

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₹4 L/yr - ₹15.2 L/yr

At par
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Yes Bank Credit Manager Salary

1 - 12 years exp. (74 salaries)

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₹4.6 L/yr - ₹16.2 L/yr

arrow icon 4% less
1 job opening
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IndusInd Bank Credit Manager Salary

2 - 12 years exp. (36 salaries)

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₹3.6 L/yr - ₹13.9 L/yr

arrow icon 17% less
1 job opening
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Federal Bank Credit Manager Salary

2 - 12 years exp. (30 salaries)

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₹11 L/yr - ₹19 L/yr

arrow icon 69% more
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RBL Bank Credit Manager Salary

2 - 11 years exp. (25 salaries)

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₹3 L/yr - ₹11.7 L/yr

arrow icon 15% less
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IDBI Bank Credit Manager Salary

3 - 17 years exp. (13 salaries)

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₹12 L/yr - ₹28.9 L/yr

arrow icon 119% more
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Punjab National Bank Credit Manager Salary

4 - 9 years exp. (13 salaries)

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₹10 L/yr - ₹20 L/yr

arrow icon 71% more
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₹3.9 L/yr - ₹8.5 L/yr

arrow icon 48% less
2 job openings
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Karur Vysya Bank Credit Manager Salary

1 - 11 years exp. (10 salaries)

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₹7 L/yr - ₹16 L/yr

arrow icon 10% more
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Jana Small Finance Bank Credit Manager Salary

2 - 10 years exp. (9 salaries)

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₹2.4 L/yr - ₹9 L/yr

arrow icon 45% less
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₹7 L/yr - ₹11.5 L/yr

arrow icon 3% less
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State Bank of India Credit Manager Salary

12 - 14 years exp. (6 salaries)

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₹12 L/yr - ₹27 L/yr

arrow icon 104% more
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Central Bank of India Credit Manager Salary

2 - 7 years exp. (5 salaries)

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₹11.4 L/yr - ₹16 L/yr

arrow icon 49% more
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Canara Bank Credit Manager Salary

7 - 12 years exp. (4 salaries)

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₹13 L/yr - ₹19.4 L/yr

arrow icon 99% more
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Union Bank of India Credit Manager Salary

6 - 11 years exp. (4 salaries)

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₹10 L/yr - ₹19 L/yr

arrow icon 60% more
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Shinhan Bank Credit Manager Salary

6 - 11 years exp. (4 salaries)

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₹8.5 L/yr - ₹12 L/yr

arrow icon 7% more
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 12 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

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Experience wise HDFC Bank Credit Manager salaries in Mumbai

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
Fresher  (55 salaries)

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₹4 L/yr - ₹16.5 L/yr
1 year  (76 salaries)

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₹3.8 L/yr - ₹15 L/yr
2 years  (50 salaries)

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₹4 L/yr - ₹16.3 L/yr
3 years  (59 salaries)

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₹4.5 L/yr - ₹13.5 L/yr
4 years  (53 salaries)

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₹4 L/yr - ₹16 L/yr
View all

Similar Designation salaries in HDFC Bank

Deputy Manager Salary
(3.6k salaries)
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₹2 L/yr - ₹10 L/yr
Sales Manager Salary
(564 salaries)
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₹3.5 L/yr - ₹13 L/yr
Credit Analyst Salary
(30 salaries)
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₹6.85 L/yr - ₹18.25 L/yr
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₹7.5 L/yr - ₹26 L/yr
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₹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 Credit Underwriting Credit Analysis Credit Management Credit Appraisal

Salary related reviews for HDFC Bank

2.9

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.

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  • 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

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  • 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
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HDFC Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at HDFC Bank in Mumbai?
The average salary of a Credit Manager at HDFC Bank in Mumbai typically ranges from ₹4.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Credit Manager in Mumbai at HDFC Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Credit Manager Salaries at HDFC Bank 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 400+ HDFC Bank employees in India.
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 in Mumbai typically ranges from ₹68,030 to ₹69,773 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 400+ salaries received from various employees of HDFC Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Credit Manager at HDFC Bank in Mumbai?
To be a Credit Manager at HDFC Bank in Mumbai, the key skills required include:

  • - Credit Management
  • - Credit Underwriting
  • - Credit Appraisal
  • - Working Capital
  • - Credit Analysis

These skills are highly valued at HDFC Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than HDFC Bank for Credit Manager in India?
IDBI Bank ₹12.0 Lakhs to ₹28.9 Lakhs per year
State Bank of India ₹12.0 Lakhs to ₹27.0 Lakhs per year
Canara Bank ₹13.0 Lakhs to ₹19.4 Lakhs per year
Punjab National Bank ₹10.0 Lakhs to ₹20.0 Lakhs per year
Federal Bank ₹11.0 Lakhs to ₹19.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Bank, depending on the role and experience level.
What is the salary of a Credit Manager in companies similar to HDFC Bank in Mumbai?
The salary of a Credit Manager at companies similar to HDFC Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Union Bank of India ₹10.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India ₹11.4 Lakhs to ₹16.0 Lakhs per year
Karur Vysya Bank ₹7.0 Lakhs to ₹16.0 Lakhs per year
Shinhan Bank ₹8.5 Lakhs to ₹12.0 Lakhs per year
ICICI Bank ₹4.0 Lakhs to ₹17.4 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 Credit Manager at HDFC Bank in Mumbai?
The salary growth for a Credit Manager at HDFC Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Mumbai can expect the following growth trajectory at HDFC Bank:

Experience Average Salary Range
Fresher ₹4.0 Lakhs to ₹16.5 Lakhs per year
1 year ₹3.8 Lakhs to ₹15.0 Lakhs per year
2 years ₹4.0 Lakhs to ₹16.3 Lakhs per year
3 years ₹4.5 Lakhs to ₹13.5 Lakhs per year
and so on.

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.