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Indian Bank Credit Manager salaries in Mumbai (Updated 2025)

Annual salary range
1 - 9 years exp.
₹11 Lakhs - ₹12.8 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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51% more than the average Credit Manager Salary in Banking Companies for 1 - 9 years of experience

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Last Updated: 4 Jan 2025

Companies similar to Indian Bank for Credit Manager in Mumbai

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Indian Bank Credit Manager Salary

1 - 9 years exp. (3 salaries)

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₹11 L/yr - ₹12.8 L/yr

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Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Bank Credit Manager Salary

0 - 10 years exp. (235 salaries)

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₹3.8 L/yr - ₹13 L/yr

arrow icon 26% 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 37% less
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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 27% 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 36% less
1 job opening
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AU Small Finance Bank Credit Manager Salary

0 - 11 years exp. (36 salaries)

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₹4.1 L/yr - ₹10 L/yr

arrow icon 46% less
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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 29% more
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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 67% 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 58% 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 14% more
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₹5.4 L/yr - ₹10.9 L/yr

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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 7% 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 22% more
Credit Manager salary at Indian Bank ranges between ₹11 Lakhs to ₹12.8 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 3 latest salaries received from various employees of Indian Bank.

Latest annual salaries shared by Indian Bank Credit Manager in Mumbai

2mo ago
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2 years exp.
5mo ago
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1 year exp.

Experience wise Indian Bank Credit Manager salaries in Mumbai

Last Updated: 4 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹4.8 L/yr - ₹12.8 L/yr
2 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹12 L/yr
3 years (AmbitionBox Estimate)

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₹10.9 L/yr - ₹13.9 L/yr
4 years (AmbitionBox Estimate)

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₹11 L/yr - ₹14.1 L/yr
5 years (AmbitionBox Estimate)

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₹11.1 L/yr - ₹14.2 L/yr
View all
Indian Bank Credit Manager Salary and Career Growth

From

To

Credit Manager

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0 - 9 years exp.

Senior Manager Credit

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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

Chief Manager Salary
(14 salaries)
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₹17 L/yr - ₹34 L/yr

Salary related reviews for Indian Bank

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.

read more
  • 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.

read more
  • Work satisfaction - Poor
  • +1 more

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.

read more
  • Company culture - Poor

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.

read more
  • 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.

read more
  • Skill development - Poor
  • +4 more

Full Time

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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.

read more
  • 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.

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Full Time

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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.

read more
  • 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.

read more
  • Skill development - Poor
  • +4 more
see more salary related reviews

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Indian Bank Credit Manager Salary FAQs

How the salary growth look like for a Credit Manager at Indian Bank in Mumbai?
The salary growth for a Credit Manager at Indian 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 Indian Bank:

Experience Average Salary Range
1 year ₹4.8 Lakhs to ₹12.8 Lakhs per year
2 years ₹4.8 Lakhs to ₹12.0 Lakhs per year
3 years ₹10.9 Lakhs to ₹13.9 Lakhs per year
4 years ₹11.0 Lakhs to ₹14.1 Lakhs per year
and so on.

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Indian Bank Credit Manager salary in Mumbai ranges between ₹11 Lakhs to ₹12.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Indian Bank latest salaries received from various employees of Indian Bank.