NBFC Risk Manager Salaries by 4 Employees (Updated 2025)

9 - 13 years exp.

₹3.2 Lakhs - ₹7.5 Lakhs

Salary of majority employees

55% less than the average Risk Manager Salary in Insurance Companies for 9 - 13 years of experience

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Salaries in different departments

Data Science & Analytics Risk Manager Salary 11 - 13 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.3 L/yr
Finance & Accounting Risk Manager Salary 10 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr
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Sales & Business Development Risk Manager Salary 9 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.5 L/yr

Last Updated: 13 Mar 2023

Companies similar to NBFC for Risk Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Risk Manager Salary 1 - 10 years exp. (77 salaries)	₹3.8 L/yr - ₹14.9 L/yr 53% more
Bajaj Finance Risk Manager Salary 0 - 7 years exp. (30 salaries)	₹4.1 L/yr - ₹13 L/yr 34% more
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ICICI Bank Risk Manager Salary 0 - 10 years exp. (64 salaries)	₹5 L/yr - ₹20.2 L/yr 119% more
Axis Bank Risk Manager Salary 1 - 17 years exp. (33 salaries)	₹5.4 L/yr - ₹20 L/yr 132% more
Kotak Mahindra Bank Risk Manager Salary 0 - 17 years exp. (19 salaries)	₹4.2 L/yr - ₹12.5 L/yr 55% more
Tata Capital Risk Manager Salary 0 - 4 years exp. (7 salaries)	₹7 L/yr - ₹13 L/yr 59% more
Aditya Birla Capital Risk Manager Salary 0 - 5 years exp. (8 salaries)	₹5.2 L/yr - ₹20.1 L/yr 124% more
Mahindra Finance Risk Manager Salary 6 - 17 years exp. (5 salaries)	₹17.1 L/yr - ₹25.3 L/yr 298% more
L&T Finance Risk Manager Salary 0 - 8 years exp. (173 salaries)	₹2.4 L/yr - ₹6.1 L/yr 29% less
Shriram Finance Risk Manager Salary 2 - 14 years exp. (4 salaries)	₹2.8 L/yr - ₹7.1 L/yr 15% less
SBI Life Insurance Company Risk Manager Salary 4 - 12 years exp. (8 salaries)	₹9.4 L/yr - ₹21 L/yr 141% more
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ICICI Lombard General Insurance Company Risk Manager Salary 0 - 9 years exp. (7 salaries)	₹7 L/yr - ₹15 L/yr 104% more
ICICI Prudential Life Insurance Risk Manager Salary 9 - 14 years exp. (6 salaries)	₹5.6 L/yr - ₹8.6 L/yr 34% more
Aditya Birla Sun Life Insurance Risk Manager Salary 5 - 11 years exp. (5 salaries)	₹9 L/yr - ₹15 L/yr 87% more
Tata AIG Risk Manager Salary 5 - 8 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 80% more
HDFC Life Risk Manager Salary 15 - 17 years exp. (4 salaries)	₹11 L/yr - ₹15 L/yr 128% more
MetLife Risk Manager Salary 10 - 17 years exp. (3 salaries)	₹20 L/yr - ₹26.5 L/yr 307% more

Risk Manager salary at NBFC ranges between ₹3.2 Lakhs to ₹7.5 Lakhs per year for employees with experience between 9 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of NBFC.

Experience wise NBFC Risk Manager salaries

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹5.9 L/yr
10 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹8.1 L/yr
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11 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹7.5 L/yr

Similar Designation salaries in NBFC

Audit Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Finance Manager Salary

(4 salaries)

₹6 L/yr - ₹15 L/yr

Branch Manager Salary

(18 salaries)

₹2.6 L/yr - ₹7 L/yr

Deputy Manager Salary

(5 salaries)

₹4 L/yr - ₹7 L/yr

Team Lead Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Accountant Salary

(6 salaries)

₹1.45 L/yr - ₹2.55 L/yr

Auditor Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Internal Auditor Salary

(4 salaries)

₹2 L/yr - ₹2.7 L/yr

Audit Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Top skills at NBFC for Risk Manager

Risk Management Risk Analytics Banking

Salary related reviews for NBFC

Back Office Executive in Jaipur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 02 Jul 2024

2.0

for Salary and Benefits

Likes

Nbfc are hell for anyone…some of target and money greedy companies wants 100% for employee and want from them to work overtime no holiday in closings and if any festival comes in closing they will not give holiday.. If your employee is not happy how could he work better…

Skill development - Good

+3 more

Dislikes

Work load and salary low

Salary - Poor

+1 more

Bajaj Finance Limited in Mumbai

Asset Based Finance . FD . Secured and Unsecured Loans both.. Department

5.0

• posted on 22 Apr 2019

5.0

for Salary and Benefits

Likes

...gement is very demanding. It's very tough and challenging for middle Management. Compensation , R&R , salary increment is better then competition.

Salary - Excellent

+4 more

Dislikes

Higher management is very demanding. It's very tough and challenging for middle Management. Work Life balance is poor.

Work-life balance - Poor

Assistant Manager

Sales & Business Development Department

4.0

• posted on 04 Oct 2017

4.0

for Salary and Benefits

Likes

Highly motivated teams, proper training, innovations in marketing, helps for a strong foundation in career growth are good aspects

Salary - Good

+1 more

Dislikes

No job security and less career growth less salary, bad work-life balance

Job security - Poor

Assistant Manager in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

Yeah company policy and work managment are really great because I joined 2017 and now I m working same company.

Salary - Good

+6 more

Dislikes

Not any particular as always there is two thing's of anything but it's depend on us that how can we manage or balanced.

Senior Area Collection Manager in Wani

BFSI, Investments & Trading Department

5.0

• posted on 28 Oct 2021

5.0

for Salary and Benefits

Likes

i like the working culture of NBFC in collection segment. as well as there is fast career growth based on performance along with salary increment.

Salary - Excellent

+3 more

Dislikes

In NBFC their is problem of holiday as compare to banking sector.

Work-life balance - Poor

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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NBFC Risk Manager Salary FAQs

What is the salary of Risk Manager at NBFC?

Risk Manager salary at NBFC in India ranges between ₹3.2 Lakhs to ₹7.5 Lakhs for experience between 9 years to 13 years. According to our estimates it is 55% less than the average Risk Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of NBFC India.

How does the salary of a Risk Manager at NBFC India compare with the average salary range for this job?

The average salary of a Risk Manager at NBFC is 55% less than the average salary of a Risk Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Risk Manager at NBFC?

Risk Management, Risk Analytics and Banking are some of the popular skills required to work as a Risk Manager at NBFC India.

Which similar companies are paying more than NBFC to a Risk Manager in India?

MetLife Risk Manager Salary - ₹20.0 Lakhs to ₹26.5 Lakhs per year
Mahindra Finance Risk Manager Salary - ₹17.1 Lakhs to ₹25.3 Lakhs per year
SBI Life Insurance Company Risk Manager Salary - ₹9.4 Lakhs to ₹21.0 Lakhs per year
Axis Bank Risk Manager Salary - ₹5.4 Lakhs to ₹20.0 Lakhs per year
HDFC Life Risk Manager Salary - ₹11.0 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Risk Manager in companies similar to NBFC in India?

Aditya Birla Capital Risk Manager Salary - ₹5.2 Lakhs to ₹20.1 Lakhs per year
ICICI Bank Risk Manager Salary - ₹5.0 Lakhs to ₹20.2 Lakhs per year
ICICI Lombard General Insurance Company Risk Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance Risk Manager Salary - ₹9.0 Lakhs to ₹15.0 Lakhs per year
Tata AIG Risk Manager Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year

What is the estimated take home salary of a Risk Manager at NBFC in India?

The estimated take-home salary of a Risk Manager at NBFC ranges between ₹42,117 per month to ₹43,251 per month in India. The take-home salary calculation is based on the average NBFC Risk Manager salary in India which ranges between ₹3.2 Lakhs to ₹7.5 Lakhs per year for employees with experience between 9 years to 13 years. Check how did we calculate take home salary?

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NBFC Risk Manager salary in India ranges between ₹3.2 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 NBFC latest salaries received from various employees of NBFC.

NBFC Risk Manager salaries in India

Companies similar to NBFC for Risk Manager

Latest annual salaries shared by NBFC Risk Manager

Experience wise NBFC Risk Manager salaries

Similar Designation salaries in NBFC

Top skills at NBFC for Risk Manager

Salary related reviews for NBFC

Back Office Executive in Jaipur

Bajaj Finance Limited in Mumbai

Assistant Manager

Assistant Manager in Gurgaon / Gurugram

Senior Area Collection Manager in Wani

NBFC Risk Manager Salary FAQs

Tell us how to improve this page.

NBFC Risk Manager Salaries by Location