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Karur Vysya Bank

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Karur Vysya Bank Recovery Manager salaries in India (Updated 2025)

Annual salary range
5 - 12 years exp.
₹7 Lakhs - ₹8.6 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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47% more than the average Recovery Manager Salary in Banking Companies for 5 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Recovery Manager Salary
5 - 8 years exp. (AmbitionBox Estimate)
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₹7 L/yr - ₹7.5 L/yr

Risk Management & Compliance
Recovery Manager Salary
9 years exp. (AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.5 L/yr

Last Updated: 25 Feb 2025

Companies similar to Karur Vysya Bank for Recovery Manager

Company name Avg Annual Salary Open Jobs
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DBS Bank Recovery Manager Salary

10 - 16 years exp. (7 salaries)

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₹5.8 L/yr - ₹6.3 L/yr

arrow icon 21% less
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IDFC FIRST Bank Recovery Manager Salary

1 - 10 years exp. (65 salaries)

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₹4 L/yr - ₹10 L/yr

arrow icon 3% less
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Kotak Mahindra Bank Recovery Manager Salary

1 - 14 years exp. (23 salaries)

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₹1.8 L/yr - ₹8.4 L/yr

arrow icon 41% less
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HDFC Bank Recovery Manager Salary

5 - 18 years exp. (17 salaries)

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₹3.5 L/yr - ₹13.5 L/yr

arrow icon 5% less
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RBL Bank Recovery Manager Salary

0 - 12 years exp. (11 salaries)

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₹3.3 L/yr - ₹11 L/yr

arrow icon 23% less
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IDBI Bank Recovery Manager Salary

7 - 16 years exp. (5 salaries)

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₹10.8 L/yr - ₹15.5 L/yr

arrow icon 72% more
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ICICI Bank Recovery Manager Salary

2 - 13 years exp. (5 salaries)

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₹5.5 L/yr - ₹9 L/yr

arrow icon 10% less
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Bandhan Bank Recovery Manager Salary

1 - 14 years exp. (4 salaries)

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₹1.8 L/yr - ₹6 L/yr

arrow icon 52% less
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Axis Bank Recovery Manager Salary

5 - 6 years exp. (4 salaries)

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₹3.6 L/yr - ₹9 L/yr

arrow icon 37% less
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IndusInd Bank Recovery Manager Salary

13 - 17 years exp. (3 salaries)

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₹8.5 L/yr - ₹11 L/yr

arrow icon 18% more
Recovery Manager salary at Karur Vysya Bank ranges between ₹7 Lakhs to ₹8.6 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Karur Vysya Bank.

Latest annual salaries shared by Karur Vysya Bank Recovery Manager

3d ago
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12 years exp.
6mo ago
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8 years exp.
7mo ago
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5 years exp.
9mo ago
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9 years exp.

Experience wise Karur Vysya Bank Recovery Manager salaries

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.9 L/yr
12 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in Karur Vysya Bank

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₹7.5 L/yr - ₹12 L/yr
Deputy Manager Salary
(8 salaries)
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₹4.2 L/yr - ₹12.05 L/yr
Branch Manager Salary
(123 salaries)
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₹7 L/yr - ₹19 L/yr
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₹5.24 L/yr - ₹7.5 L/yr
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₹3.1 L/yr - ₹10.5 L/yr
Area Collection Manager Salary
(AmbitionBox Estimate)
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₹9.5 L/yr - ₹12.1 L/yr
Team Lead Salary
(4 salaries)
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₹2.15 L/yr - ₹2.9 L/yr
State Head Salary
(5 salaries)
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₹11 L/yr - ₹25.3 L/yr
Deputy Manager Grade 2 Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
Sales Executive Salary
(14 salaries)
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₹1.45 L/yr - ₹4 L/yr

Salary related reviews for Karur Vysya Bank

Data Science & Analytics Department

2.0
  •  posted on 02 Oct 2022

4.0
 for  Salary and Benefits

Likes

Salary at par with Banking industry.

  • Salary - Good

Dislikes

Marketing Pressure. Direct involvement of Bank's Top management for RM review. Rely more on security coverage for sanctioning loan. Poor Valuation and technical team. Have to put huge efforts for marketing big ticket SME loan, since ROI is not competitive as offered by new gen bank and other PSU Banks.

read more
  • Work satisfaction - Bad
  • +1 more

Full Time

 · 

Legal & Regulatory Department

4.0
  •  posted on 25 Dec 2024

2.0
 for  Salary and Benefits

Likes

The people and the work culture. It’s very smooth.

  • Skill development - Excellent
  • +3 more

Dislikes

As I was a CTC employee my package was 4.5LPA, which is not at all feasible for a legal professional. Though I have got my division to 1st rank all over India in customer complaint Redressal, no acknowledgement was given for that. Also there was an appraisal of only 3%. Which is hugely disappointing.

read more
  • Salary - Poor

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 24 Oct 2024

4.0
 for  Salary and Benefits

Likes

Good culture..like a govt bank.. work well..no problem.. only problem is HR policies..no transpelarency and even hr people don't know about the policies..

read more
  • Salary - Good
  • +4 more

Dislikes

Discrimination in pay between IBA Norms employees and CTC employees

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 01 Sep 2024

1.0
 for  Salary and Benefits

Likes

The very thought entering your head about joining KVB, indicate your dasha change to Shani. No place to sit, no travel allowance, no incentives, arguments and fights with IBA old employees, back stabbing politics. They don't have money to move the newly formed channels.. Most of the channels are closed within few months.. Don't risk your career.. Escape my dear.

read more

Dislikes

...organization, internal politics. Performance and hardwork won't help you even.. IBA employees with IBA salary don't want CTC employees with low salary to work in this organization.. That's the main issue for everything

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 19 Aug 2024

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

... of clerks and officers, yet receive no additional support or fair compensation. Despite managing an overwhelming workload, BSSEs see no rewards—no promotions, no salary increases—even after proving their capabilities. To make matters worse, they are often forced to work late into the night, adding to their frustration and fatigue. Leadership is another weak point, as many managers lack the knowledge and skills necessary to guide their teams effectively. Adding to the disillusionment, BSSEs are frequently relegated to the role of telecallers, making daily calls to customers to meet high and often unrealistic sales targets. There's no incentive structure to reward their hard work, and they’re further bound by a restrictive two-year bond, which traps them in this disheartening situation. For MBA graduates expecting meaningful work, the reality at KVB is a far cry from their expectations. If you’re considering a job at KVB, think twice. The bank’s approach to staffing and employee treatment is far from ideal, with poor support, unrealistic targets, stagnant salaries, and unfair working conditions making it a challenging and unrewarding place to work. These issues are deeply ingrained in KVB’s culture—avoid joining as a BSSE if you value your career and well-being.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Karur Vysya Bank Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Karur Vysya Bank ?
The average salary of a Recovery Manager at Karur Vysya Bank in India typically ranges from ₹7.0 Lakhs to ₹8.6 Lakhs per year, depending on experience (from 5 years to 12 years).

The top 10% of Recovery Manager at Karur Vysya Bank earn more than ₹8.6 Lakhs per year, and the top 1% earn over ₹8.6 Lakhs per year. Recovery Manager Salaries at Karur Vysya 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 4 Karur Vysya Bank employees in India.
What is the estimated take home salary of a Recovery Manager at Karur Vysya Bank in India?
The estimated take-home salary of a Recovery Manager at Karur Vysya Bank in India typically ranges from ₹58,461 to ₹59,934 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹8.6 Lakhs per year for employees with experience ranging from 5 years to 12 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 4 salaries received from various employees of Karur Vysya Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Karur Vysya Bank for Recovery Manager in India?
IDBI Bank ₹10.8 Lakhs to ₹15.5 Lakhs per year
IndusInd Bank ₹8.5 Lakhs to ₹11.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Karur Vysya Bank, depending on the role and experience level.
What is the salary of a Recovery Manager in companies similar to Karur Vysya Bank in India?
The salary of a Recovery Manager at companies similar to Karur Vysya Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank ₹4.0 Lakhs to ₹10.0 Lakhs per year
HDFC Bank ₹3.5 Lakhs to ₹13.5 Lakhs per year
ICICI Bank ₹5.5 Lakhs to ₹9.0 Lakhs per year
DBS Bank ₹5.8 Lakhs to ₹6.3 Lakhs per year
RBL Bank ₹3.3 Lakhs to ₹11.0 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 Recovery Manager at Karur Vysya Bank in India?
The salary growth for a Recovery Manager at Karur Vysya Bank depends on factors such as experience, performance, and promotions. On average, a Recovery Manager can expect the following growth trajectory at Karur Vysya Bank:

Experience Average Salary Range
5 years ₹6.8 Lakhs to ₹8.6 Lakhs per year
8 years ₹6.3 Lakhs to ₹8.0 Lakhs per year
9 years ₹7.7 Lakhs to ₹9.9 Lakhs per year
12 years ₹7.7 Lakhs to ₹9.8 Lakhs per year
and so on.

Tell us how to improve this page.

Karur Vysya Bank Recovery Manager salary in India ranges between ₹7 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Karur Vysya Bank latest salaries received from various employees of Karur Vysya Bank.