Mahindra Finance Retail Banking Manager Salaries by Employees (Updated 2025)

Select experience

₹8.6 Lakhs - ₹10.9 Lakhs

Low Confidence

Salary of majority employees

Fixed (94%)

₹9.2 Lakhs

Variable (6%)

₹0.6 Lakh

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Last Updated: 11 Jan 2025

Companies similar to Mahindra Finance for Retail Banking Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Retail Banking Manager Salary 1 - 6 years exp. (7 salaries)	₹4.5 L/yr - ₹7.5 L/yr 49% less
HDFC Bank Retail Banking Manager Salary 4 - 15 years exp. (6 salaries)	₹5.5 L/yr - ₹13.5 L/yr 12% less
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Axis Bank Retail Banking Manager Salary 6 - 19 years exp. (5 salaries)	₹5.2 L/yr - ₹20 L/yr 23% more
Yes Bank Retail Banking Manager Salary 1 - 8 years exp. (4 salaries)	₹3.2 L/yr - ₹5.8 L/yr 51% less
IDBI Bank Retail Banking Manager Salary 12 - 17 years exp. (3 salaries)	₹19 L/yr - ₹23.7 L/yr 126% more

Retail Banking Manager salary at Mahindra Finance ranges between ₹8.6 Lakhs to ₹10.9 Lakhs per year for employees with 19 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Mahindra Finance.

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Salary related reviews for Mahindra Finance

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Salary - Bad

+6 more

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

Sales Executive in Moradabad

Finance & Accounting Department

5.0

• posted on 28 Apr 2021

5.0

for Salary and Benefits

Likes

Overall my current company is good for learning about the sales, competition, working ethics and most important how to writing mail, good working environment and culture. Clear and transparent policies.

Salary - Excellent

+5 more

Dislikes

...wth is slow. And appraisal is not done last year and not done in this year aslo. No salary increment and yearly bonus also stopped.

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Mahindra Finance Retail Banking Manager Salary FAQs

How the salary growth look like for a Retail Banking Manager at Mahindra Finance in India?

The salary growth for a Retail Banking Manager at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Retail Banking Manager can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
15 years	₹8.6 Lakhs to ₹10.9 Lakhs per year

and so on.

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Mahindra Finance Retail Banking Manager Salaries

Mahindra Finance Retail Banking Manager salary in India ranges between ₹8.6 Lakhs to ₹10.9 Lakhs. This is an estimate based on latest salaries received from employees of Mahindra Finance.