IDFC FIRST Bank Credit Risk Manager Salaries by 9 Employees (Updated 2025)

1 - 5 years exp.

₹6.2 Lakhs - ₹25 Lakhs

Low Confidence

Salary of majority employees

10% more than the average Credit Risk Manager Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Finance & Accounting Credit Risk Manager Salary 1 - 5 years exp. (3 salaries)	₹6.6 L/yr - ₹12.9 L/yr
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Risk Management & Compliance Credit Risk Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹15.3 L/yr - ₹20 L/yr

Last Updated: 15 Jan 2025

Companies similar to IDFC FIRST Bank for Credit Risk Manager

Company name	Avg Annual Salary	Open Jobs
Yes Bank Credit Risk Manager Salary 1 - 11 years exp. (100 salaries)	₹4.5 L/yr - ₹15.5 L/yr 38% less
HDFC Bank Credit Risk Manager Salary 1 - 8 years exp. (92 salaries)	₹5 L/yr - ₹21.5 L/yr 16% less
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ICICI Bank Credit Risk Manager Salary 0 - 5 years exp. (86 salaries)	₹8 L/yr - ₹27.9 L/yr 6% more
Kotak Mahindra Bank Credit Risk Manager Salary 1 - 8 years exp. (20 salaries)	₹5.2 L/yr - ₹14 L/yr 37% less
Standard Chartered Credit Risk Manager Salary 1 - 10 years exp. (14 salaries)	₹12 L/yr - ₹27 L/yr 23% more
Axis Bank Credit Risk Manager Salary 3 - 11 years exp. (14 salaries)	₹8 L/yr - ₹21 L/yr 12% less
RBL Bank Credit Risk Manager Salary 1 - 6 years exp. (10 salaries)	₹3.7 L/yr - ₹12.6 L/yr 49% less
Jana Small Finance Bank Credit Risk Manager Salary 3 - 12 years exp. (8 salaries)	₹5.6 L/yr - ₹19.9 L/yr 14% less
Karur Vysya Bank Credit Risk Manager Salary 1 - 8 years exp. (7 salaries)	₹7.8 L/yr - ₹13.5 L/yr 32% less
IndusInd Bank Credit Risk Manager Salary 3 - 7 years exp. (6 salaries)	₹9.5 L/yr - ₹25.1 L/yr 10% more
IDBI Bank Credit Risk Manager Salary 5 - 16 years exp. (5 salaries)	₹18.2 L/yr - ₹25 L/yr 48% more
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Bandhan Bank Credit Risk Manager Salary 0 - 3 years exp. (4 salaries)	₹12 L/yr - ₹12.3 L/yr 19% less
Ujjivan Small Finance Bank Credit Risk Manager Salary 5 - 12 years exp. (4 salaries)	₹12 L/yr - ₹17.5 L/yr 5% less
Utkarsh Small Finance Bank Credit Risk Manager Salary 2 - 8 years exp. (4 salaries)	₹4.3 L/yr - ₹7.1 L/yr 64% less
UCO Bank Credit Risk Manager Salary 4 - 11 years exp. (4 salaries)	₹6.4 L/yr - ₹18.4 L/yr 33% less
Central Bank of India Credit Risk Manager Salary 0 - 4 years exp. (3 salaries)	₹17 L/yr - ₹18.5 L/yr 20% more
City Union Bank Credit Risk Manager Salary 1 - 13 years exp. (3 salaries)	₹4 L/yr - ₹14 L/yr 50% less

Credit Risk Manager salary at IDFC FIRST Bank ranges between ₹6.2 Lakhs to ₹25 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 9 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Credit Risk Manager salaries

Last Updated: 15 Jan 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹9 L/yr - ₹22 L/yr
2 years (3 salaries)	₹6.2 L/yr - ₹25 L/yr
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3 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
4 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹22.8 L/yr
5 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹20.3 L/yr

Similar Designation salaries in IDFC FIRST Bank

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₹2.7 L/yr - ₹3.2 L/yr

Area Credit Manager Salary

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₹8.15 L/yr - ₹21.47 L/yr

Deputy Manager Salary

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₹2.15 L/yr - ₹9.5 L/yr

Chief Manager Salary

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₹10.2 L/yr - ₹36 L/yr

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₹2.1 L/yr - ₹4.92 L/yr

Branch Manager Salary

(631 salaries)

₹6.25 L/yr - ₹26 L/yr

Credit Underwriter Salary

(13 salaries)

₹3.66 L/yr - ₹9.8 L/yr

Relationship Manager Salary

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₹2 L/yr - ₹11 L/yr

Credit Analyst Salary

(67 salaries)

₹3.68 L/yr - ₹14 L/yr

Salary related reviews for IDFC FIRST Bank

Branch Manager in Surat

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Nov 2023

5.0

for Salary and Benefits

Likes

Benefits on loans are good. Salary and package is good

Salary - Excellent

+1 more

Dislikes

Management is sending 100% pressure on Branch Manager. 9 crore month on month CASA & TD is asking rate. Too much pressure on each parameters. Not driving Target as per branch size or branch's seniority. Job security is almost nil. Threatened by management on job

Skill development - Bad

+4 more

Deputy Manager in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Salary - Good

+1 more

Dislikes

I worked in Refund team which is fall under RAS, where management is not good. All the appreciation is goes to girls and their closed ones it doesn't matter whether they only sit and scroll the social media whole day. I worked there only for 5 months, decided to leave organisation after completing my 2 months only because management treatment was very bad to me. RAS is good for girl employee only as management has soft corner for them, further understand what I am trying to tell here.

Skill development - Bad

+4 more

Relationship Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Sep 2023

2.0

for Salary and Benefits

Likes

Currently, the pay they are offering is good

Dislikes

...e a fancy job discription and in relaity, the job we do is completely different. They harras employees and even after resigning, they harrass for due payment.

Salary - Poor

+5 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 10 May 2023

3.0

for Salary and Benefits

Likes

I like work culture and job security, overall it's average, if you are good performer then you will get chance to apply for different role

Dislikes

Promotion/ appraisal and salary not good for people who's internally get promoted

Deputy Manager in Ahmedabad

Full Time

Sales & Business Development Department

1.0

• posted on 08 Jan 2023

5.0

for Salary and Benefits

Likes

Only Salary is the best part in IDFC FIRST BANK.

Salary - Excellent

Dislikes

... handle the pressure from their seniors so they put their pressure on employees.Employees only trap in salary part.even in sleep many times you will get dream of working pressure.

Skill development - Bad

+5 more

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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IDFC FIRST Bank Credit Risk Manager Salary FAQs

What is the salary of Credit Risk Manager at IDFC FIRST Bank ?

The average salary of a Credit Risk Manager at IDFC FIRST Bank in India typically ranges from ₹6.2 Lakhs to ₹25.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Credit Risk Manager at IDFC FIRST Bank earn more than ₹23.8 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. Credit Risk Manager Salaries at IDFC FIRST 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 9 IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Credit Risk Manager at IDFC FIRST Bank in India?

The estimated take-home salary of a Credit Risk Manager at IDFC FIRST Bank in India typically ranges from ₹1,02,419 to ₹1,05,219 per month. This is based on the average salary range of ₹6.2 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from 1 year to 5 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 9 salaries received from various employees of IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IDFC FIRST Bank for Credit Risk Manager in India?

IDBI Bank	₹18.2 Lakhs to ₹25.0 Lakhs per year
Standard Chartered	₹12.0 Lakhs to ₹27.0 Lakhs per year
Central Bank of India	₹17.0 Lakhs to ₹18.5 Lakhs per year
IndusInd Bank	₹9.5 Lakhs to ₹25.1 Lakhs per year
ICICI Bank	₹8.0 Lakhs to ₹27.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IDFC FIRST Bank, depending on the role and experience level.

What is the salary of a Credit Risk Manager in companies similar to IDFC FIRST Bank in India?

The salary of a Credit Risk Manager at companies similar to IDFC FIRST Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ujjivan Small Finance Bank	₹12.0 Lakhs to ₹17.5 Lakhs per year
Axis Bank	₹8.0 Lakhs to ₹21.0 Lakhs per year
Jana Small Finance Bank	₹5.6 Lakhs to ₹19.9 Lakhs per year
HDFC Bank	₹5.0 Lakhs to ₹21.5 Lakhs per year
Bandhan Bank	₹12.0 Lakhs to ₹12.3 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 Risk Manager at IDFC FIRST Bank in India?

The salary growth for a Credit Risk Manager at IDFC FIRST Bank depends on factors such as experience, performance, and promotions. On average, a Credit Risk Manager can expect the following growth trajectory at IDFC FIRST Bank:

Experience	Average Salary Range
1 year	₹9.0 Lakhs to ₹22.0 Lakhs per year
2 years	₹6.2 Lakhs to ₹25.0 Lakhs per year
3 years	₹12.7 Lakhs to ₹16.2 Lakhs per year
4 years	₹6.6 Lakhs to ₹22.8 Lakhs per year

and so on.

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IDFC FIRST Bank Credit Risk Manager Salaries

IDFC FIRST Bank Credit Risk Manager salary in India ranges between ₹6.2 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.