Indian Bank New Delhi Credit Manager Salaries by 10+ Employees (Updated 2025)

0 - 5 years exp.

₹9 Lakhs - ₹16 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% more than the average Credit Manager Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 0 - 5 years exp. (5 salaries)	₹9 L/yr - ₹16 L/yr
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BFSI, Investments & Trading Credit Manager Salary 1 year exp. (3 salaries)	₹9 L/yr - ₹13.8 L/yr

Last Updated: 18 Jan 2025

Companies similar to Indian Bank for Credit Manager in New Delhi

Indian Bank Credit Manager Salary

0 - 5 years exp. (11 salaries)

₹9 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (155 salaries)	₹4.5 L/yr - ₹15.4 L/yr 18% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (115 salaries)	₹3.9 L/yr - ₹13.5 L/yr 28% less
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AU Small Finance Bank Credit Manager Salary 0 - 10 years exp. (87 salaries)	₹3.5 L/yr - ₹10.3 L/yr 47% less	1 job opening
Yes Bank Credit Manager Salary 1 - 9 years exp. (80 salaries)	₹4.2 L/yr - ₹16 L/yr 26% less
Bandhan Bank Credit Manager Salary 0 - 12 years exp. (36 salaries)	₹2.6 L/yr - ₹9.5 L/yr 47% less
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (23 salaries)	₹4.1 L/yr - ₹15 L/yr 30% less	9 job openings
Barclays Credit Manager Salary 6 - 11 years exp. (22 salaries)	₹8 L/yr - ₹27 L/yr 55% more
Federal Bank Credit Manager Salary 2 - 12 years exp. (16 salaries)	₹12 L/yr - ₹19 L/yr 29% more
IDBI Bank Credit Manager Salary 6 - 16 years exp. (15 salaries)	₹8.5 L/yr - ₹28 L/yr 73% more
Standard Chartered Credit Manager Salary 4 - 12 years exp. (14 salaries)	₹11.6 L/yr - ₹22 L/yr 26% more
Jana Small Finance Bank Credit Manager Salary 2 - 12 years exp. (13 salaries)	₹2.6 L/yr - ₹8.8 L/yr 49% less
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Ujjivan Small Finance Bank Credit Manager Salary 1 - 9 years exp. (13 salaries)	₹3.2 L/yr - ₹8 L/yr 55% less
Union Bank of India Credit Manager Salary 6 - 12 years exp. (9 salaries)	₹11.2 L/yr - ₹18 L/yr 26% more
NatWest Group Credit Manager Salary 0 - 9 years exp. (7 salaries)	₹11.5 L/yr - ₹22.6 L/yr 13% more
Equitas Small Finance Bank Credit Manager Salary 5 - 9 years exp. (5 salaries)	₹6.3 L/yr - ₹8.3 L/yr 44% less	8 job openings
Allahabad Bank Credit Manager Salary 3 - 6 years exp. (4 salaries)	₹6 L/yr - ₹8.9 L/yr 30% less
Indian Overseas Bank Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹11 L/yr - ₹17 L/yr 25% more
Bank of Maharashtra Credit Manager Salary 5 - 7 years exp. (4 salaries)	₹11.5 L/yr - ₹20 L/yr 33% more

Credit Manager salary at Indian Bank ranges between ₹9 Lakhs to ₹16 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 11 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Credit Manager salaries in New Delhi

Last Updated: 18 Jan 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹9 L/yr - ₹12 L/yr
1 year (4 salaries)	₹9 L/yr - ₹13.8 L/yr
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2 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
3 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
4 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹13.9 L/yr
5 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 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

Branch Manager Salary

(6 salaries)

₹5.95 L/yr - ₹20 L/yr

Chief Manager Salary

(4 salaries)

₹16 L/yr - ₹30 L/yr

Credit Analyst Salary

(4 salaries)

₹12 L/yr - ₹12.92 L/yr

Assistant Credit Manager Salary

(3 salaries)

₹10 L/yr - ₹12 L/yr

Salary related reviews for Indian Bank

3.0

Rated by 1 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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Indian Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Indian Bank in New Delhi?

The average salary of a Credit Manager at Indian Bank in New Delhi typically ranges from ₹9.0 Lakhs to ₹16.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Credit Manager in New Delhi at Indian Bank earn more than ₹15.4 Lakhs per year, and the top 1% earn over ₹16.0 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 10+ Indian Bank employees in India.

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

The estimated take-home salary of a Credit Manager at Indian Bank in New Delhi typically ranges from ₹86,392 to ₹88,655 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from Fresher 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 10+ 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?

IDBI Bank	₹8.5 Lakhs to ₹28.0 Lakhs per year
Barclays	₹8.0 Lakhs to ₹27.0 Lakhs per year
Bank of Maharashtra	₹11.5 Lakhs to ₹20.0 Lakhs per year
Federal Bank	₹12.0 Lakhs to ₹19.0 Lakhs per year
Standard Chartered	₹11.6 Lakhs to ₹22.0 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 New Delhi?

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

Union Bank of India	₹11.2 Lakhs to ₹18.0 Lakhs per year
Indian Overseas Bank	₹11.0 Lakhs to ₹17.0 Lakhs per year
NatWest Group	₹11.5 Lakhs to ₹22.6 Lakhs per year
Kotak Mahindra Bank	₹4.5 Lakhs to ₹15.4 Lakhs per year
Yes Bank	₹4.2 Lakhs to ₹16.0 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 New Delhi?

The salary growth for a Credit Manager at Indian Bank in New Delhi depends on factors such as experience, performance, and promotions. On average, a Credit Manager in New Delhi 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	₹10.7 Lakhs to ₹13.7 Lakhs per year
3 years	₹10.8 Lakhs to ₹13.8 Lakhs per year

and so on.

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Indian Bank Credit Manager Salaries in New Delhi

Indian Bank Credit Manager salary in New Delhi ranges between ₹9 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Indian Bank latest salaries received from various employees of Indian Bank.