IDBI Bank Mumbai Credit Manager Salaries by 10+ Employees (Updated 2025)

3 - 17 years exp.

₹12 Lakhs - ₹24.8 Lakhs

Salary of majority employees

138% more than the average Credit Manager Salary in Banking Companies for 3 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 7 - 17 years exp. (6 salaries)	₹15 L/yr - ₹24.8 L/yr
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Finance & Accounting Credit Manager Salary 7 - 9 years exp. (3 salaries)	₹12 L/yr - ₹24.4 L/yr

Last Updated: 12 Jan 2025

Companies similar to IDBI Bank for Credit Manager in Mumbai

IDBI Bank Credit Manager Salary

3 - 17 years exp. (12 salaries)

₹12 L/yr - ₹24.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 12 years exp. (447 salaries)	₹4 L/yr - ₹14.6 L/yr 54% less	1 job opening
ICICI Bank Credit Manager Salary 0 - 11 years exp. (565 salaries)	₹4.3 L/yr - ₹15.2 L/yr 48% less	1 job opening
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Axis Bank Credit Manager Salary 0 - 12 years exp. (144 salaries)	₹3.9 L/yr - ₹15 L/yr 53% less
State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	₹12 L/yr - ₹27 L/yr 6% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (241 salaries)	₹3.6 L/yr - ₹14 L/yr 54% less
Yes Bank Credit Manager Salary 0 - 9 years exp. (71 salaries)	₹4.6 L/yr - ₹14 L/yr 55% less
IndusInd Bank Credit Manager Salary 3 - 12 years exp. (34 salaries)	₹3.6 L/yr - ₹11 L/yr 61% less	6 job openings
RBL Bank Credit Manager Salary 1 - 11 years exp. (29 salaries)	₹3.1 L/yr - ₹11.7 L/yr 58% less
Federal Bank Credit Manager Salary 2 - 12 years exp. (33 salaries)	₹11 L/yr - ₹19 L/yr 18% less
Punjab National Bank Credit Manager Salary 4 - 9 years exp. (14 salaries)	₹10 L/yr - ₹20 L/yr 16% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (213 salaries)	₹3 L/yr - ₹13 L/yr 60% less
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AU Small Finance Bank Credit Manager Salary 0 - 10 years exp. (36 salaries)	₹4.1 L/yr - ₹10 L/yr 69% less	1 job opening
Bank of Baroda Credit Manager Salary 4 - 12 years exp. (26 salaries)	₹8 L/yr - ₹22 L/yr 13% less
Jana Small Finance Bank Credit Manager Salary 2 - 10 years exp. (9 salaries)	₹2.4 L/yr - ₹9 L/yr 74% less
Bank of India Credit Manager Salary 5 - 11 years exp. (8 salaries)	₹9 L/yr - ₹18 L/yr 28% less
Standard Chartered Credit Manager Salary 5 - 12 years exp. (6 salaries)	₹11 L/yr - ₹14.8 L/yr 32% less
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹11.4 L/yr - ₹16 L/yr 28% less
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	₹13 L/yr - ₹18.6 L/yr 7% less
Equitas Small Finance Bank Credit Manager Salary 6 - 10 years exp. (4 salaries)	₹5.4 L/yr - ₹6.7 L/yr 69% less
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹10 L/yr - ₹19 L/yr 19% less

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Credit Manager salary at IDBI Bank ranges between ₹12 Lakhs to ₹24.8 Lakhs per year for employees with experience between 3 years to 17 years. Salary estimates are based on 12 latest salaries received from various employees of IDBI Bank.

Experience wise IDBI Bank Credit Manager salaries in Mumbai

Last Updated: 12 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹12 L/yr - ₹16 L/yr
4 years (AmbitionBox Estimate)	₹12.9 L/yr - ₹16.5 L/yr
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5 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹18.1 L/yr
6 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.6 L/yr
7 years (4 salaries)	₹12 L/yr - ₹20 L/yr
8 years (AmbitionBox Estimate)	₹18 L/yr - ₹34.5 L/yr
9 years (AmbitionBox Estimate)	₹14 L/yr - ₹36.2 L/yr
10 years (AmbitionBox Estimate)	₹18.8 L/yr - ₹24 L/yr
11 years (AmbitionBox Estimate)	₹19.4 L/yr - ₹24.8 L/yr
12 years (AmbitionBox Estimate)	₹19.9 L/yr - ₹25.4 L/yr
13 years (AmbitionBox Estimate)	₹22 L/yr - ₹40.6 L/yr
14 years (AmbitionBox Estimate)	₹20.6 L/yr - ₹26.3 L/yr
15+ years (3 salaries)	₹20 L/yr - ₹24.8 L/yr

View all

Similar Designation salaries in IDBI Bank

Credit Analyst Salary

(10 salaries)

₹17.25 L/yr - ₹28 L/yr

Branch Manager Salary

(5 salaries)

₹12 L/yr - ₹30 L/yr

Salary related reviews for IDBI Bank

4.5

Rated by 2 employees for salary & benefits

Credit Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 07 Apr 2023

4.0

for Salary and Benefits

Likes

Salary is good at initial levels. Job Security. Work Pressure is manageable. When required one can avail leaves without much hassle. Other off the Salary Slip component is good.

Salary - Good

+1 more

Dislikes

Methodology for assessing the Variable Pay is area where improvement is required. Policy wise the bank is conservative but management has it own take on it. But this makes the bank less competitive.

Promotions - Poor

Credit Manager in Pune

Full Time

Finance & Accounting Department

4.0

• posted on 13 Aug 2022

5.0

for Salary and Benefits

Likes

...portunity to learn depending on your open minded attitude for new learnings. 2. Good pay master as per Industry Standards.

Salary - Excellent

+1 more

Dislikes

1. Promotion policy is traditional and non transperent. 2. Transfer policy is not transperent. You may be transferred without any consent anytime and anywhere. 3. Work experience not given weightage and may be posted anywhere without matching your skill sets.

Promotions - Poor

Credit Manager in Indore

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 13 Oct 2018

4.0

for Salary and Benefits

Likes

Almost everything was excellent during the era when I have joined this esteemed organization. But now its like working in an organization called bank having third party insurance product only.

Salary - Good

+2 more

Dislikes

... bank. Gross salary is apparently higher, but net salary is bow par in industry. Salary structure is quite rediculous where you end up paying highest possible tax.

Skill development - Poor

+3 more

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 11 Sep 2023

4.0

for Salary and Benefits

Likes

Salary & employees monetary benefits due to IBA membership

Salary - Good

Dislikes

Unfair promotions practice, Impotent Supervisors in Retail Banking, Egoistic people in Mid Management, God Father culture, No career growth, Non posting of required employees in branches etc.,

Skill development - Bad

+5 more

Credit Analyst in Chennai

Full Time

Finance & Accounting Department

4.0

• posted on 01 Oct 2022

3.0

for Salary and Benefits

Likes

There is a lot of learning here. The more you work the more work you get to do. Salary is comparitively better than some public sector banks

Skill development - Excellent

+2 more

Dislikes

Its in transition phase of converting from piblic to private. So alot of changes in working style and people especially seniors (who actually prepare those new rules) couldnot follow. Work life balance is low. Long working hours. More selling of LICs than actual banking

see more salary related reviews

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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IDBI Bank Credit Manager Salary FAQs

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

Credit Manager salary at IDBI Bank in Mumbai ranges between ₹12.0 Lakhs to ₹24.8 Lakhs for experience between 3 years to 17 years. According to our estimates it is 138% more than the average Credit Manager Salary in India. Salary estimates are based on 12 latest salaries received from various employees of IDBI Bank Mumbai.

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

The average salary of a Credit Manager at IDBI Bank is 138% more than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

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

State Bank of India Credit Manager Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to IDBI Bank in Mumbai?

Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹18.6 Lakhs per year
Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹22.0 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 ₹19.0 Lakhs per year
Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year

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

The estimated take-home salary of a Credit Manager at IDBI Bank ranges between ₹1,27,806 per month to ₹1,32,102 per month in Mumbai. The take-home salary calculation is based on the average IDBI Bank Credit Manager salary in India which ranges between ₹12.0 Lakhs to ₹24.8 Lakhs per year for employees with experience between 3 years to 17 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 69% of the IDBI Bank Credit Managers in Mumbai reported a notice period of 3 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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IDBI Bank Credit Manager Salaries in Mumbai

IDBI Bank Credit Manager salary in Mumbai ranges between ₹12 Lakhs to ₹24.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 IDBI Bank latest salaries received from various employees of IDBI Bank.