Indian Bank Credit Manager Salaries by 40+ Employees (Updated 2025)

0 - 9 years exp.

₹9 Lakhs - ₹17 Lakhs

Salary of majority employees

61% more than the average Credit Manager Salary in Banking Companies for 0 - 9 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 0 - 8 years exp. (16 salaries)	₹9 L/yr - ₹16.5 L/yr
BFSI, Investments & Trading Credit Manager Salary 1 - 9 years exp. (13 salaries)	₹9 L/yr - ₹17 L/yr
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Data Science & Analytics Credit Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹13.1 L/yr

Last Updated: 9 Feb 2025

Companies similar to Indian Bank for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹3.8 L/yr - ₹15 L/yr 27% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (824 salaries)	₹3 L/yr - ₹13.5 L/yr 38% less
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AU Small Finance Bank Credit Manager Salary 0 - 11 years exp. (525 salaries)	₹2.4 L/yr - ₹11 L/yr 52% less
Bandhan Bank Credit Manager Salary 0 - 14 years exp. (303 salaries)	₹2.6 L/yr - ₹10.8 L/yr 49% less
Yes Bank Credit Manager Salary 1 - 12 years exp. (388 salaries)	₹4.3 L/yr - ₹16.2 L/yr 26% less	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (210 salaries)	₹3.4 L/yr - ₹13.1 L/yr 36% less	1 job opening
Jana Small Finance Bank Credit Manager Salary 2 - 12 years exp. (190 salaries)	₹1.5 L/yr - ₹10 L/yr 53% less
Equitas Small Finance Bank Credit Manager Salary 4 - 14 years exp. (165 salaries)	₹2.2 L/yr - ₹9.4 L/yr 56% less	8 job openings
Ujjivan Small Finance Bank Credit Manager Salary 0 - 10 years exp. (134 salaries)	₹2.7 L/yr - ₹9.2 L/yr 58% less
IDBI Bank Credit Manager Salary 3 - 17 years exp. (109 salaries)	₹8.5 L/yr - ₹32 L/yr 58% more

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Credit Manager salary at Indian Bank ranges between ₹9 Lakhs to ₹17 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 40 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Credit Manager salaries

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
Fresher (5 salaries)	₹9 L/yr - ₹12 L/yr
1 year (12 salaries)	₹9 L/yr - ₹13.8 L/yr
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2 years (3 salaries)	₹12 L/yr - ₹21.8 L/yr
3 years (AmbitionBox Estimate)	₹12 L/yr - ₹22.1 L/yr
4 years (AmbitionBox Estimate)	₹12 L/yr - ₹14 L/yr
5 years (6 salaries)	₹9 L/yr - ₹16 L/yr
6 years (3 salaries)	₹9.5 L/yr - ₹17 L/yr
7 years (4 salaries)	₹11 L/yr - ₹15 L/yr
8 years (3 salaries)	₹5.2 L/yr - ₹17 L/yr
9 years (AmbitionBox Estimate)	₹11 L/yr - ₹23.9 L/yr

View all

From

Credit Manager

0 - 9 years exp.

Senior Manager Credit

5 - 13 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Indian Bank

Credit Officer Salary

(5 salaries)

₹9 L/yr - ₹12.5 L/yr

Branch Manager Salary

(80 salaries)

₹5.95 L/yr - ₹21.89 L/yr

Deputy Manager Salary

(4 salaries)

₹5.1 L/yr - ₹18 L/yr

Chief Manager Salary

(72 salaries)

₹12.5 L/yr - ₹40 L/yr

Credit Analyst Salary

(10 salaries)

₹9 L/yr - ₹15.5 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Assistant Credit Manager Salary

(3 salaries)

₹10 L/yr - ₹12 L/yr

Sales Officer Salary

(4 salaries)

₹2.2 L/yr - ₹3 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Salary related reviews for Indian Bank

2.6

Rated by 2 employees for salary & benefits

Branch Manager in Chennai

BFSI, Investments & Trading Department

3.0

• posted on 19 Mar 2022

4.0

for Salary and Benefits

Likes

Job security, some of good Managers, Salary and Compensation is good. Its a government job but culture is quite like private job.

Salary - Good

+2 more

Dislikes

Very much shortage of Staff, Some of the Mangement staff Behaviour is rude and Superior behaves like bossy. Too much workload due to immensely shortage of Staff. Bad promotion policy . Not all the time deserving candidate gets promotion. Transfer policy is poor. They do not consider your request unless you know someone who has influence.

Work satisfaction - Poor

+1 more

Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 28 Nov 2024

5.0

for Salary and Benefits

Likes

Job security, good pay, ability to gain knowledge and connections.

Salary - Excellent

+4 more

Dislikes

Impossible targets, harassing in meeting stating transfers, expecting to work overtime even on holidays, unapproachable and unheedful HR personnel.

Company culture - Poor

Assistant Manager in Nadia

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 24 Jul 2024

4.0

for Salary and Benefits

Likes

Salary and allowances are decent. And if you are lucky enough to get a good manager, you life will be good.

Salary - Good

+1 more

Dislikes

Extremely bad work culture. Huge burden of targets, even new joinees are not spared! They won't give you an opportunity to learn, they only care about their business figures! Bad postings in unlivable rural areas. Yes perks and allowances are good, but often times you have to beg them to get those. Corrupt practices undertaken by HRM section, people of certain communities are given preference over the other. And if you dare to raise your voice against such injustice, you will be harassed even more.

Skill development - Poor

+4 more

Assistant Branch Manager in Arambagh

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Mar 2022

3.0

for Salary and Benefits

Likes

...f diversified roles in various verticals along different geographical locations.The employees enjoy several Perks and allowances alongside their salary.It has a great job security and social status too.

Job security - Excellent

+3 more

Dislikes

The job can be a bit monotonus and repetitive at times. The salary is decent at first but the growth is stagnant after a time period. The far off rural postings brings several challenges and hardships too. The transfers are frequent.

Assistant Manager in New Delhi

Full Time

Finance & Accounting Department

2.0

• posted on 17 Jun 2023

3.0

for Salary and Benefits

Likes

Job Safety, health insurance, decent salary. Simple Interest on loans for staff and 1% higher interest for staff on deposits.

Job security - Good

Dislikes

Promotion is based on buttering GMs and seniors. Promotion interview marks are noted in pencil and then changed once it reached corporate office based on above criterion. Very few specialist officers are given promotion, preference if only for POs; DO NOT join as specialist officer if you are looking for career growth. Random transferring away from home. Branch Managers are excessively pressurized.

Skill development - Poor

+4 more

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What people are saying about Indian Bank

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mag123

works at

Indian Bank

Seeking job for 25L/annum

I am currently working in indian bank. I am drawing 18 L /annum , has 10 year work experience, previously worked in TCS for 2.5 years, I am currently looking for a job which will pay minimum 25 L / annum with better work/life balance. Which job should I seek?

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Indian Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Indian Bank ?

The average salary of a Credit Manager at Indian Bank in India typically ranges from ₹9.0 Lakhs to ₹17.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Credit Manager at Indian Bank earn more than ₹15.5 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Credit Manager Salaries at Indian 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 40+ Indian Bank employees in India.

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

The estimated take-home salary of a Credit Manager at Indian Bank in India typically ranges from ₹88,914 to ₹91,249 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 40+ salaries received from various employees of Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Indian Bank for Credit Manager in India?

Deutsche Bank	₹21.0 Lakhs to ₹28.0 Lakhs per year
IDBI Bank	₹8.5 Lakhs to ₹32.0 Lakhs per year
Barclays	₹8.0 Lakhs to ₹27.0 Lakhs per year
Federal Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year
Indian Overseas Bank	₹11.0 Lakhs to ₹17.0 Lakhs per year

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

What is the salary of a Credit Manager in companies similar to Indian Bank in India?

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

Union Bank of India	₹6.6 Lakhs to ₹20.0 Lakhs per year
Bank of Maharashtra	₹10.0 Lakhs to ₹20.0 Lakhs per year
Standard Chartered	₹7.1 Lakhs to ₹22.0 Lakhs per year
NatWest Group	₹11.5 Lakhs to ₹22.6 Lakhs per year
Central Bank of India	₹10.0 Lakhs to ₹17.0 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 Indian Bank in India?

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

Experience	Average Salary Range
Fresher	₹9.0 Lakhs to ₹12.0 Lakhs per year
1 year	₹9.0 Lakhs to ₹13.8 Lakhs per year
2 years	₹12.0 Lakhs to ₹21.8 Lakhs per year
3 years	₹12.0 Lakhs to ₹22.1 Lakhs per year

and so on.

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Indian Bank Credit Manager Salaries by Location

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Indian Bank Credit Manager Salaries

Indian Bank Credit Manager salary in India ranges between ₹9 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 40 Indian Bank latest salaries received from various employees of Indian Bank.

Indian Bank Credit Manager salaries in India (Updated 2025)

Companies similar to Indian Bank for Credit Manager

Latest annual salaries shared by Indian Bank Credit Manager

Experience wise Indian Bank Credit Manager salaries

Similar Designation salaries in Indian Bank

Salary related reviews for Indian Bank

Branch Manager in Chennai

Assistant Manager in Mumbai

Assistant Manager in Nadia

Assistant Branch Manager in Arambagh

Assistant Manager in New Delhi

Indian Bank Credit Manager Salary FAQs

Tell us how to improve this page.

Indian Bank Credit Manager Salaries by Location