IndusInd Bank Senior Manager Credit Salaries by 10+ Employees (Updated 2024)

3 - 10 years exp.

₹8 Lakhs - ₹17.6 Lakhs

Salary of majority employees

9% less than the average Senior Manager Credit Salary in Banking Companies for 3 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Credit Salary 3 - 6 years exp. (9 salaries)	₹11 L/yr - ₹17.6 L/yr
Finance & Accounting Senior Manager Credit Salary 6 - 9 years exp. (5 salaries)	₹8.9 L/yr - ₹14 L/yr
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Risk Management & Compliance Senior Manager Credit Salary 5 - 10 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹12 L/yr

Last Updated: 14 Oct 2024

Companies similar to IndusInd Bank for Senior Manager Credit

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Credit Salary 4 - 12 years exp. (309 salaries)	₹6 L/yr - ₹21 L/yr 13% more	1 job opening
ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (148 salaries)	₹7 L/yr - ₹22.8 L/yr 19% more
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Axis Bank Senior Manager Credit Salary 5 - 13 years exp. (110 salaries)	₹7 L/yr - ₹23.3 L/yr 32% more
Kotak Mahindra Bank Senior Manager Credit Salary 2 - 11 years exp. (391 salaries)	₹7 L/yr - ₹16 L/yr 1% less
Yes Bank Senior Manager Credit Salary 4 - 13 years exp. (186 salaries)	₹6.7 L/yr - ₹17 L/yr 2% more
Federal Bank Senior Manager Credit Salary 3 - 14 years exp. (14 salaries)	₹14 L/yr - ₹22 L/yr 57% more
RBL Bank Senior Manager Credit Salary 1 - 15 years exp. (18 salaries)	₹10 L/yr - ₹15 L/yr 6% less
IDFC FIRST Bank Senior Manager Credit Salary 2 - 12 years exp. (78 salaries)	₹6.3 L/yr - ₹16 L/yr 10% less
Bandhan Bank Senior Manager Credit Salary 5 - 8 years exp. (13 salaries)	₹8.8 L/yr - ₹20.9 L/yr 24% more
DCB Bank Senior Manager Credit Salary 5 - 14 years exp. (33 salaries)	₹6.2 L/yr - ₹13.4 L/yr 33% less
Bank of Baroda Senior Manager Credit Salary 8 - 13 years exp. (45 salaries)	₹12 L/yr - ₹27 L/yr 59% more
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AU Small Finance Bank Senior Manager Credit Salary 3 - 12 years exp. (43 salaries)	₹5.5 L/yr - ₹13.3 L/yr 20% less
Jana Small Finance Bank Senior Manager Credit Salary 5 - 10 years exp. (34 salaries)	₹3.1 L/yr - ₹12 L/yr 42% less
Canara Bank Senior Manager Credit Salary 6 - 13 years exp. (26 salaries)	₹12.1 L/yr - ₹28 L/yr 74% more
Standard Chartered Senior Manager Credit Salary 4 - 14 years exp. (22 salaries)	₹10.4 L/yr - ₹39 L/yr 86% more
Bank of Maharashtra Senior Manager Credit Salary 6 - 14 years exp. (20 salaries)	₹13 L/yr - ₹19 L/yr 39% more
Indian Bank Senior Manager Credit Salary 5 - 12 years exp. (19 salaries)	₹14.2 L/yr - ₹21.5 L/yr 47% more
Fincare Small Finance Bank Senior Manager Credit Salary 4 - 14 years exp. (12 salaries)	₹5 L/yr - ₹6 L/yr 55% less
Central Bank of India Senior Manager Credit Salary 5 - 12 years exp. (7 salaries)	₹13 L/yr - ₹22 L/yr 39% more
Ujjivan Small Finance Bank Senior Manager Credit Salary 7 - 11 years exp. (6 salaries)	₹4.5 L/yr - ₹9.4 L/yr 35% less

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Senior Manager Credit salary at IndusInd Bank ranges between ₹8 Lakhs to ₹17.6 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 16 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Senior Manager Credit salaries

Last Updated: 14 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹11 L/yr - ₹21.3 L/yr
4 years (3 salaries)	₹11 L/yr - ₹14 L/yr
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5 years (4 salaries)	₹10 L/yr - ₹16.6 L/yr
6 years (4 salaries)	₹8.9 L/yr - ₹17.6 L/yr
7 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹14 L/yr
8 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹22.4 L/yr
9 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹22.6 L/yr
10 years (AmbitionBox Estimate)	₹8 L/yr - ₹22.8 L/yr

View all

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Credit Underwriter Salary

(4 salaries)

₹2.4 L/yr - ₹3.7 L/yr

Credit Analyst Salary

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₹5.44 L/yr - ₹18 L/yr

Top skills at IndusInd Bank for Senior Manager Credit

risk auto Ca Risk Analysis Credit Management Chartered Accountant Risk Management Compliance car System Support Vehicle Credit Underwriting Credit Risk Management Basel II Banking Operations

Salary related reviews for IndusInd Bank

3.8

Rated by 2 employees for salary & benefits

Branch Manager in Kochi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...nonuse at all...you have to recruit staff...suddenly all policies will change...they ensure u don't get bonus or rating if u do not complete amfi or irda...all these r communicated at last minute...no support n extended targets too which u can never achieve..

Chief Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

Nothing to like about IndusInd bank other then there attractive compensation offering. That is how they will bring you in system and then that money will not help you to survive. Eventually you will choose peace over money.

Dislikes

1) Work Pressure 2) No inputs from organization. 3) You will be left on your own without any leads from bank's side. 4) Video call culture.

Deputy Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

The Salary is good and nothing else.

Dislikes

The work culture is very bad, especially the reporting managers are just toxic people. They demoralise you rather than influence and inspire. The bank is fond of one thing and that is money. I was in ARD and trust me when I say that they treat you like some commodity which can be used and used only. And you can be assured that at the end end of the day whether your mental health is good or bad they don't care and they won't be bothered by your sad situation. Moreover they do nothing, so that your mental health can improve. You are put under extreme demands and unimaginable pressure both mentally and physically for every day. My opinion is don't join there as the internal workings of the bank is just next to a slum.

Relationship Manager in Ashok Nagar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Aug 2023

2.0

for Salary and Benefits

Likes

IndusInd Bank is very good organisation in terms of doing business but they are not giving salary hike/appraisal for are employees those who are working since last five years.

Dislikes

Aa an employee I would like to get more salary as I have experience more than 12 years

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 27 Jul 2023

2.0

for Salary and Benefits

Likes

Working Culture might not be the best but it is still better in my department when compared to other department or even other banks. Seniors in my department are approachable.

Dislikes

Salary breakup is very bad. You get very less in hand then what is promised. Small increments.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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IndusInd Bank Senior Manager Credit Salary FAQs

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

Senior Manager Credit salary at IndusInd Bank in India ranges between ₹8.0 Lakhs to ₹17.6 Lakhs for experience between 3 years to 10 years. According to our estimates it is 9% less than the average Senior Manager Credit Salary in India. Salary estimates are based on 16 latest salaries received from various employees of IndusInd Bank India.

How does the salary of a Senior Manager Credit at IndusInd Bank India compare with the average salary range for this job?

The average salary of a Senior Manager Credit at IndusInd Bank is 9% less than the average salary of a Senior Manager Credit in India. To know exact salary insights, login to view.

What are the top skills required to work as a Senior Manager Credit at IndusInd Bank?

risk, auto, Ca, Risk Analysis and Credit Management are some of the popular skills required to work as a Senior Manager Credit at IndusInd Bank India.

Which similar companies are paying more than IndusInd Bank to a Senior Manager Credit in India?

Standard Chartered Senior Manager Credit Salary - ₹10.4 Lakhs to ₹39.0 Lakhs per year
Canara Bank Senior Manager Credit Salary - ₹12.1 Lakhs to ₹28.0 Lakhs per year
Bank of Baroda Senior Manager Credit Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
Federal Bank Senior Manager Credit Salary - ₹14.0 Lakhs to ₹22.0 Lakhs per year
Indian Overseas Bank Senior Manager Credit Salary - ₹17.0 Lakhs to ₹21.0 Lakhs per year

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

Deutsche Bank Senior Manager Credit Salary - ₹18.0 Lakhs to ₹18.8 Lakhs per year
Indian Bank Senior Manager Credit Salary - ₹14.2 Lakhs to ₹21.5 Lakhs per year
IDBI Bank Senior Manager Credit Salary - ₹18.0 Lakhs to ₹18.0 Lakhs per year
Bank of Maharashtra Senior Manager Credit Salary - ₹13.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India Senior Manager Credit Salary - ₹13.0 Lakhs to ₹22.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager Credit at IndusInd Bank ranges between ₹87,791 per month to ₹90,094 per month in India. The take-home salary calculation is based on the average IndusInd Bank Senior Manager Credit salary in India which ranges between ₹8.0 Lakhs to ₹17.6 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager Credit at IndusInd Bank?

According to AmbitionBox, 83% of the IndusInd Bank Senior Manager Credits reported a notice period of 3 Months, 13% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 24 responses on AmbitionBox in last 2 years.

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IndusInd Bank Senior Manager Credit Salaries

IndusInd Bank Senior Manager Credit salary in India ranges between ₹8 Lakhs to ₹17.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 IndusInd Bank latest salaries received from various employees of IndusInd Bank.