Karnataka Bank Mumbai Credit Officer Salaries by 4 Employees (Updated 2024)

7 - 10 years exp.

₹9.5 Lakhs - ₹12 Lakhs

Salary of majority employees

188% more than the average Credit Officer Salary in Banking Companies for 7 - 10 years of experience

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Last Updated: 3 Sep 2023

Companies similar to Karnataka Bank for Credit Officer in Mumbai

Karnataka Bank Credit Officer Salary

7 - 10 years exp. (4 salaries)

₹9.5 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Officer Salary 1 - 8 years exp. (17 salaries)	₹1.5 L/yr - ₹3.5 L/yr 76% less
ICICI Bank Credit Officer Salary 0 - 9 years exp. (12 salaries)	₹2.5 L/yr - ₹4.5 L/yr 70% less
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Axis Bank Credit Officer Salary 1 - 6 years exp. (7 salaries)	₹2.5 L/yr - ₹5 L/yr 68% less
State Bank of India Credit Officer Salary 4 - 6 years exp. (3 salaries)	₹12 L/yr - ₹17 L/yr 12% more
Kotak Mahindra Bank Credit Officer Salary 0 - 6 years exp. (17 salaries)	₹1.5 L/yr - ₹2.9 L/yr 78% less
IndusInd Bank Credit Officer Salary 0 - 7 years exp. (11 salaries)	₹1.5 L/yr - ₹3.2 L/yr 77% less
Yes Bank Credit Officer Salary 2 - 7 years exp. (7 salaries)	₹2.4 L/yr - ₹4.3 L/yr 73% less
Federal Bank Credit Officer Salary 1 - 3 years exp. (7 salaries)	₹5.8 L/yr - ₹16 L/yr 2% less
IDFC FIRST Bank Credit Officer Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹2.4 L/yr 80% less
RBL Bank Credit Officer Salary 1 - 8 years exp. (28 salaries)	₹2 L/yr - ₹4.4 L/yr 74% less
Ujjivan Small Finance Bank Credit Officer Salary 3 - 8 years exp. (28 salaries)	₹3 L/yr - ₹5 L/yr 61% less
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DCB Bank Credit Officer Salary 2 - 6 years exp. (5 salaries)	₹2.6 L/yr - ₹4 L/yr 72% less
Suryoday Small Finance Bank Credit Officer Salary 0 - 4 years exp. (5 salaries)	₹2.4 L/yr - ₹2.7 L/yr 78% less
Deutsche Bank Credit Officer Salary 2 - 8 years exp. (5 salaries)	₹4.6 L/yr - ₹10.4 L/yr 20% less	6 job openings
Bank of Baroda Credit Officer Salary 5 - 10 years exp. (4 salaries)	₹8 L/yr - ₹14.1 L/yr 17% more

Credit Officer salary at Karnataka Bank ranges between ₹9.5 Lakhs to ₹12 Lakhs per year for employees with experience between 7 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Karnataka Bank.

Experience wise Karnataka Bank Credit Officer salaries in Mumbai

Last Updated: 3 Sep 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹20.7 L/yr
8 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
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9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹12 L/yr
10 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹12 L/yr

Similar Designation salaries in Karnataka Bank

Branch Manager Salary

(4 salaries)

₹11.4 L/yr - ₹16.5 L/yr

Officer Salary

(4 salaries)

₹5 L/yr - ₹11 L/yr

Salary related reviews for Karnataka Bank

Clerk in Ludhiana

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 10 Dec 2023

5.0

for Salary and Benefits

Likes

Work culture is nice all staff was so helpful helping you in learning new things

Dislikes

Posting is very bad in this bank mumbai person posted to Punjab very pathetic transfer policy all people's shuffle from their home state

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 30 Sep 2023

3.0

for Salary and Benefits

Likes

Faster promotion opportunities

Dislikes

Unhealthy working culture, Intensive work pressure, No time for family, You won't be able to go home if there is dayend check for loan account arrears. Software doesn't work properly. Staff on counter face technical glitches frequently in system which is not promptly resolved.

Branch Manager in Chennai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 18 Sep 2023

4.0

for Salary and Benefits

Likes

The only thing which is good in Karnataka Bank is all the top executives doesnt have enough knowledge so they doesnt know how to pressure their peers.

Dislikes

The promotional activity, they give promotion on caste, recommendations etc. No score for your knowledge.

Assistant Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

A lot of learning, meet a lot of people, contacts, new places to see. job security. Loans at very less rates. New software installed

Dislikes

Transfers, lot of pressure, a lot of politics when it comes to transfers and promotion. South Indians get preference 1st. Even if you do a lot of certifications you wont get transferred to concerned departments. Marketing pressure is high. Insufficient staff at branches in north branches .

Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 26 Nov 2023

3.0

for Salary and Benefits

Likes

This experience comes only after u in new company. KBL has good working culture. Some vultures were thier but now they are gone.

Dislikes

Nepotism. Karan johar big brothers do job in KBL. Not good place for North Indians at higher management. Only 2 or 3 are only chief manager are from north INDIA.

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a technical project manager

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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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Karnataka Bank Credit Officer Salary FAQs

What is the salary of Credit Officer at Karnataka Bank Mumbai?

Credit Officer salary at Karnataka Bank in Mumbai ranges between ₹9.5 Lakhs to ₹12.0 Lakhs for experience between 7 years to 10 years. According to our estimates it is 188% more than the average Credit Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Karnataka Bank Mumbai.

How does the salary of a Credit Officer at Karnataka Bank Mumbai compare with the average salary range for this job?

The average salary of a Credit Officer at Karnataka Bank is 188% more than the average salary of a Credit Officer in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Karnataka Bank to a Credit Officer in Mumbai?

Bank of Baroda Credit Officer Salary - ₹8.0 Lakhs to ₹14.1 Lakhs per year
State Bank of India Credit Officer Salary - ₹12.0 Lakhs to ₹17.0 Lakhs per year

What is the salary of a Credit Officer in companies similar to Karnataka Bank in Mumbai?

Federal Bank Credit Officer Salary - ₹5.8 Lakhs to ₹16.0 Lakhs per year
Deutsche Bank Credit Officer Salary - ₹4.6 Lakhs to ₹10.4 Lakhs per year
Ujjivan Small Finance Bank Credit Officer Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year
Axis Bank Credit Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
ICICI Bank Credit Officer Salary - ₹2.5 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Credit Officer at Karnataka Bank in Mumbai?

The estimated take-home salary of a Credit Officer at Karnataka Bank ranges between ₹82,003 per month to ₹84,142 per month in Mumbai. The take-home salary calculation is based on the average Karnataka Bank Credit Officer salary in India which ranges between ₹9.5 Lakhs to ₹12.0 Lakhs per year for employees with experience between 7 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Credit Officer at Karnataka Bank in Mumbai?

According to AmbitionBox, 100% of the Karnataka Bank Credit Officers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Karnataka Bank Credit Officer Salaries in Mumbai

Karnataka Bank Credit Officer salary in Mumbai ranges between ₹9.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Karnataka Bank latest salaries received from various employees of Karnataka Bank.