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IDBI Bank Credit Manager salaries in Mumbai (Updated 2025)

Annual salary range
3 - 17 years exp.
₹12 Lakhs - ₹28.9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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159% 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)
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₹15 L/yr - ₹28.9 L/yr

Finance & Accounting
Credit Manager Salary
7 - 9 years exp. (3 salaries)
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₹12 L/yr - ₹26.1 L/yr

Last Updated: 25 Feb 2025

Companies similar to IDBI Bank for Credit Manager in Mumbai

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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

vs
Company name Avg Annual Salary Open Jobs
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (212 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 63% less
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Yes Bank Credit Manager Salary

1 - 12 years exp. (71 salaries)

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₹4.6 L/yr - ₹16.2 L/yr

arrow icon 58% less
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IndusInd Bank Credit Manager Salary

2 - 12 years exp. (37 salaries)

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₹3.6 L/yr - ₹13.8 L/yr

arrow icon 63% less
9 job openings
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AU Small Finance Bank Credit Manager Salary

0 - 11 years exp. (35 salaries)

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₹4.1 L/yr - ₹10 L/yr

arrow icon 69% 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 25% less
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Jana Small Finance Bank Credit Manager Salary

2 - 10 years exp. (9 salaries)

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₹3 L/yr - ₹9.2 L/yr

arrow icon 72% less
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Bank of India Credit Manager Salary

5 - 11 years exp. (8 salaries)

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₹9 L/yr - ₹18 L/yr

arrow icon 36% less
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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 34% less
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₹5.4 L/yr - ₹11.6 L/yr

arrow icon 67% less
8 job openings
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Standard Chartered Credit Manager Salary

5 - 12 years exp. (5 salaries)

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₹11 L/yr - ₹15 L/yr

arrow icon 38% less
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Canara Bank Credit Manager Salary

7 - 12 years exp. (4 salaries)

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₹13 L/yr - ₹18 L/yr

arrow icon 18% less
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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 29% less
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Indian Bank Credit Manager Salary

1 - 10 years exp. (3 salaries)

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₹11 L/yr - ₹12.8 L/yr

arrow icon 42% less
Credit Manager salary at IDBI Bank ranges between ₹12 Lakhs to ₹28.9 Lakhs per year for employees with experience between 3 years to 17 years. Salary estimates are based on 13 latest salaries received from various employees of IDBI Bank.

Latest annual salaries shared by IDBI Bank Credit Manager in Mumbai

1mo ago
₹28.9 Lakhs
17 years exp.
8mo ago
₹12 Lakhs
3 years exp.
9mo ago
₹24.8 Lakhs
16 years exp.
1y ago
₹16 Lakhs
3 years exp.
1y ago
₹18 Lakhs
8 years exp.
1y ago
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14 years exp.
1y ago
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7 years exp.
1y ago
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15 years exp.
1y ago
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13 years exp.

Experience wise IDBI Bank Credit Manager salaries in Mumbai

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹14.6 L/yr - ₹18.6 L/yr
4 years (AmbitionBox Estimate)

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₹15.2 L/yr - ₹19.4 L/yr
5 years (AmbitionBox Estimate)

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₹15.9 L/yr - ₹20.3 L/yr
6 years (AmbitionBox Estimate)

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₹16.5 L/yr - ₹21.1 L/yr
7 years  (4 salaries)

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₹12 L/yr - ₹20 L/yr
View all

Similar Designation salaries in IDBI Bank

Credit Analyst Salary
(10 salaries)
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₹17.25 L/yr - ₹28 L/yr
Branch Manager Salary
(6 salaries)
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₹12 L/yr - ₹32 L/yr

Salary related reviews for IDBI Bank

4.5

Rated by 2 employees for salary & benefits

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.

read more
  • 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.

read more
  • Promotions - Poor

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.

read more
  • 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.

read more
  • Promotions - Poor

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.

read more
  • 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.

read more
  • Skill development - Poor
  • +3 more

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.,

read more
  • Skill development - Bad
  • +5 more

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

read more
  • 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

read more
see more salary related reviews

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IDBI Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at IDBI Bank in Mumbai?
The average salary of a Credit Manager at IDBI Bank in Mumbai typically ranges from ₹12.0 Lakhs to ₹28.9 Lakhs per year, depending on experience (from 3 years to 17 years).

The top 10% of Credit Manager in Mumbai at IDBI Bank earn more than ₹28.2 Lakhs per year, and the top 1% earn over ₹28.9 Lakhs per year. Credit Manager Salaries at IDBI 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 10+ IDBI Bank employees in India.
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 in Mumbai typically ranges from ₹1,37,873 to ₹1,42,971 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹28.9 Lakhs per year for employees with experience ranging from 3 years to 17 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 10+ salaries received from various employees of IDBI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Credit Manager in companies similar to IDBI Bank in Mumbai?
The salary of a Credit Manager at companies similar to IDBI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Canara Bank ₹13.0 Lakhs to ₹18.0 Lakhs per year
Federal Bank ₹11.0 Lakhs to ₹19.0 Lakhs per year
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
Bank of India ₹9.0 Lakhs to ₹18.0 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 IDBI Bank in Mumbai?
The salary growth for a Credit Manager at IDBI 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 IDBI Bank:

Experience Average Salary Range
3 years ₹14.6 Lakhs to ₹18.6 Lakhs per year
4 years ₹15.2 Lakhs to ₹19.4 Lakhs per year
5 years ₹15.9 Lakhs to ₹20.3 Lakhs per year
6 years ₹16.5 Lakhs to ₹21.1 Lakhs per year
and so on.

Tell us how to improve this page.

IDBI Bank Credit Manager salary in Mumbai ranges between ₹12 Lakhs to ₹28.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 IDBI Bank latest salaries received from various employees of IDBI Bank.