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

5 - 13 years exp.

₹14.2 Lakhs - ₹21.5 Lakhs

Salary of majority employees

33% more than the average Senior Manager Credit Salary in Banking Companies for 5 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Credit Salary 8 - 13 years exp. (6 salaries)	₹16 L/yr - ₹21.5 L/yr
Finance & Accounting Senior Manager Credit Salary 5 - 11 years exp. (6 salaries)	₹14.5 L/yr - ₹20 L/yr
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Risk Management & Compliance Senior Manager Credit Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹17.6 L/yr - ₹18.5 L/yr

Last Updated: 13 Mar 2025

Companies similar to Indian Bank for Senior Manager Credit

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Senior Manager Credit Salary 2 - 12 years exp. (389 salaries)	₹7 L/yr - ₹16 L/yr 31% less
Yes Bank Senior Manager Credit Salary 4 - 13 years exp. (186 salaries)	₹7.8 L/yr - ₹17 L/yr 30% less
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IDFC FIRST Bank Senior Manager Credit Salary 2 - 12 years exp. (81 salaries)	₹6.3 L/yr - ₹16 L/yr 39% less
AU Small Finance Bank Senior Manager Credit Salary 3 - 12 years exp. (61 salaries)	₹4.7 L/yr - ₹15.5 L/yr 47% less
Union Bank of India Senior Manager Credit Salary 7 - 14 years exp. (48 salaries)	₹11 L/yr - ₹28.5 L/yr 10% more
Jana Small Finance Bank Senior Manager Credit Salary 3 - 10 years exp. (38 salaries)	₹3.1 L/yr - ₹11 L/yr 66% less
Standard Chartered Senior Manager Credit Salary 4 - 12 years exp. (21 salaries)	₹10.4 L/yr - ₹33.4 L/yr 21% more
IndusInd Bank Senior Manager Credit Salary 3 - 12 years exp. (20 salaries)	₹8 L/yr - ₹23.5 L/yr 27% less
Bank of Maharashtra Senior Manager Credit Salary 6 - 14 years exp. (18 salaries)	₹13 L/yr - ₹24 L/yr 4% less
Bandhan Bank Senior Manager Credit Salary 5 - 9 years exp. (15 salaries)	₹8.8 L/yr - ₹20.9 L/yr 17% less
Federal Bank Senior Manager Credit Salary 3 - 14 years exp. (14 salaries)	₹14 L/yr - ₹22 L/yr 7% more
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Central Bank of India Senior Manager Credit Salary 10 - 15 years exp. (6 salaries)	₹14.5 L/yr - ₹22 L/yr At par
IDBI Bank Senior Manager Credit Salary 6 - 12 years exp. (5 salaries)	₹14 L/yr - ₹18 L/yr 11% less
Indian Overseas Bank Senior Manager Credit Salary 10 - 12 years exp. (5 salaries)	₹17 L/yr - ₹21 L/yr 4% more
Corporation Bank Senior Manager Credit Salary 10 - 17 years exp. (5 salaries)	₹11 L/yr - ₹30.8 L/yr 6% more
Allahabad Bank Senior Manager Credit Salary 7 - 9 years exp. (4 salaries)	₹15.3 L/yr - ₹16.5 L/yr 14% less
Equitas Small Finance Bank Senior Manager Credit Salary 10 - 17 years exp. (4 salaries)	₹7.3 L/yr - ₹11.3 L/yr 41% less
Deutsche Bank Senior Manager Credit Salary 9 - 15 years exp. (4 salaries)	₹16.9 L/yr - ₹21.6 L/yr 3% more
UCO Bank Senior Manager Credit Salary 10 - 13 years exp. (4 salaries)	₹12 L/yr - ₹27 L/yr 4% less

Senior Manager Credit salary at Indian Bank ranges between ₹14.2 Lakhs to ₹21.5 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 19 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Senior Manager Credit salaries

Last Updated: 13 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18 L/yr
6 years (AmbitionBox Estimate)	₹16 L/yr - ₹31.6 L/yr
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7 years (AmbitionBox Estimate)	₹16 L/yr - ₹20.4 L/yr
8 years (AmbitionBox Estimate)	₹16 L/yr - ₹32.3 L/yr
9 years (5 salaries)	₹14.2 L/yr - ₹18.5 L/yr
10 years (3 salaries)	₹7.3 L/yr - ₹19 L/yr
11 years (4 salaries)	₹7.4 L/yr - ₹20 L/yr
12 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹21.5 L/yr
13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹21.5 L/yr

View all

Similar Designation salaries in Indian Bank

Credit Manager Salary

(40 salaries)

₹9 L/yr - ₹17 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

Branch Manager Salary

(80 salaries)

₹5.95 L/yr - ₹21.89 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Credit Officer Salary

(3 salaries)

₹15 L/yr - ₹35 L/yr

Credit Analyst Salary

(10 salaries)

₹9 L/yr - ₹15.5 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Credit Officer Salary

(5 salaries)

₹9 L/yr - ₹12.5 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Salary related reviews for Indian Bank

3.0

Rated by 5 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

see more salary related reviews

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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 Senior Manager Credit Salary FAQs

What is the salary of Senior Manager Credit at Indian Bank ?

The average salary of a Senior Manager Credit at Indian Bank in India typically ranges from ₹14.2 Lakhs to ₹21.5 Lakhs per year, depending on experience (from 5 years to 13 years).

The top 10% of Senior Manager Credit at Indian Bank earn more than ₹20.9 Lakhs per year, and the top 1% earn over ₹21.5 Lakhs per year. Senior Manager Credit 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 Senior Manager Credit at Indian Bank in India?

The estimated take-home salary of a Senior Manager Credit at Indian Bank in India typically ranges from ₹1,22,222 to ₹1,25,775 per month. This is based on the average salary range of ₹14.2 Lakhs to ₹21.5 Lakhs per year for employees with experience ranging from 5 years to 13 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 Senior Manager Credit in India?

Standard Chartered	₹10.4 Lakhs to ₹33.4 Lakhs per year
Union Bank of India	₹11.0 Lakhs to ₹28.5 Lakhs per year
Federal Bank	₹14.0 Lakhs to ₹22.0 Lakhs per year
Corporation Bank	₹11.0 Lakhs to ₹30.8 Lakhs per year
Indian Overseas Bank	₹17.0 Lakhs to ₹21.0 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 Senior Manager Credit in companies similar to Indian Bank in India?

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

Deutsche Bank	₹16.9 Lakhs to ₹21.6 Lakhs per year
Central Bank of India	₹14.5 Lakhs to ₹22.0 Lakhs per year
UCO Bank	₹12.0 Lakhs to ₹27.0 Lakhs per year
Bank of Maharashtra	₹13.0 Lakhs to ₹24.0 Lakhs per year
IDBI Bank	₹14.0 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 Senior Manager Credit at Indian Bank in India?

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

Experience	Average Salary Range
5 years	₹14.5 Lakhs to ₹18.0 Lakhs per year
6 years	₹16.0 Lakhs to ₹31.6 Lakhs per year
7 years	₹16.0 Lakhs to ₹20.4 Lakhs per year
8 years	₹16.0 Lakhs to ₹32.3 Lakhs per year

and so on.

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Indian Bank Senior Manager Credit Salaries

Indian Bank Senior Manager Credit salary in India ranges between ₹14.2 Lakhs to ₹21.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Indian Bank latest salaries received from various employees of Indian Bank.