Punjab National Bank Mumbai Credit Manager Salaries by 10+ Employees (Updated 2025)

4 - 9 years exp.

₹10 Lakhs - ₹20 Lakhs

Salary of majority employees

104% more than the average Credit Manager Salary in Banking Companies for 4 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 4 - 9 years exp. (7 salaries)	₹10 L/yr - ₹18.9 L/yr
Finance & Accounting Credit Manager Salary 5 - 9 years exp. (4 salaries)	₹10 L/yr - ₹20 L/yr
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Risk Management & Compliance Credit Manager Salary 9 years exp. (AmbitionBox Estimate)	₹18.7 L/yr - ₹20 L/yr

Last Updated: 9 Feb 2025

Companies similar to Punjab National Bank for Credit Manager in Mumbai

Punjab National Bank Credit Manager Salary

4 - 9 years exp. (13 salaries)

₹10 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Credit Manager Salary 0 - 11 years exp. (556 salaries)	₹4 L/yr - ₹17.4 L/yr 40% less
HDFC Bank Credit Manager Salary 0 - 12 years exp. (457 salaries)	₹4 L/yr - ₹15 L/yr 47% less	12 job openings
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Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (234 salaries)	₹3.8 L/yr - ₹13 L/yr 45% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (210 salaries)	₹3 L/yr - ₹13 L/yr 53% less
Axis Bank Credit Manager Salary 0 - 12 years exp. (151 salaries)	₹3.7 L/yr - ₹15 L/yr 46% less
Yes Bank Credit Manager Salary 1 - 12 years exp. (74 salaries)	₹4.6 L/yr - ₹16.2 L/yr 45% less	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (36 salaries)	₹3.6 L/yr - ₹13.9 L/yr 53% less	9 job openings
AU Small Finance Bank Credit Manager Salary 0 - 11 years exp. (36 salaries)	₹4.1 L/yr - ₹10 L/yr 64% less
RBL Bank Credit Manager Salary 2 - 10 years exp. (25 salaries)	₹3 L/yr - ₹11.7 L/yr 52% less
Bank of Baroda Credit Manager Salary 4 - 12 years exp. (24 salaries)	₹10 L/yr - ₹19 L/yr 2% more
Jana Small Finance Bank Credit Manager Salary 2 - 10 years exp. (9 salaries)	₹3 L/yr - ₹9.2 L/yr 64% less
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Bank of India Credit Manager Salary 5 - 11 years exp. (8 salaries)	₹9 L/yr - ₹18 L/yr 18% less
State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	₹12 L/yr - ₹27 L/yr 15% more
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹11.4 L/yr - ₹16 L/yr 16% less
Standard Chartered Credit Manager Salary 5 - 12 years exp. (5 salaries)	₹11 L/yr - ₹15 L/yr 20% less
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	₹13 L/yr - ₹19.4 L/yr 14% more
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹10 L/yr - ₹19 L/yr 9% less
Shinhan Bank Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹8.5 L/yr - ₹12 L/yr 40% less
Indian Bank Credit Manager Salary 1 - 10 years exp. (3 salaries)	₹11 L/yr - ₹12.8 L/yr 26% less

Credit Manager salary at Punjab National Bank ranges between ₹10 Lakhs to ₹20 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 13 latest salaries received from various employees of Punjab National Bank.

Experience wise Punjab National Bank Credit Manager salaries in Mumbai

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.2 L/yr
5 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18.6 L/yr
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6 years (3 salaries)	₹15 L/yr - ₹18.9 L/yr
7 years (4 salaries)	₹10 L/yr - ₹18 L/yr
8 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr
9 years (3 salaries)	₹10 L/yr - ₹20 L/yr

View all

From

Credit Manager

₹

Lakhs/yr

4 - 9 years exp.

Chief Manager

₹

Lakhs/yr

10 - 18 years exp.

Credit Manager 4 - 9 years exp.

Senior Manager 7 - 13 years exp.

21% hike

Chief Manager 10 - 18 years exp.

49% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Punjab National Bank

Chief Manager Salary

(33 salaries)

₹15 L/yr - ₹50.52 L/yr

Salary related reviews for Punjab National Bank

1.8

Rated by 2 employees for salary & benefits

Deputy Manager in Patna

Full Time

Strategic & Top Management Department

1.0

• posted on 03 Sep 2024

2.0

for Salary and Benefits

Likes

No matter what you do your salary will remain same.

Job security - Excellent

Dislikes

Frequent transfers to remote villages create hell lot of family problems and other problems as well. Banking sector has hell lot of corruption and you will feel very insecure if you are moral.

Salary - Poor

+5 more

Senior Associate in Mandi

Full Time

Finance & Accounting Department

3.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Job security Good Salary Good perks and allowances Supportive to leaners and new joinees Overall good in terms of learning new things

Salary - Good

+1 more

Dislikes

No work life balance Extending work hours Bad management Poor work culture in top management Work pressure too much in officer cadre

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Oct 2023

3.0

for Salary and Benefits

Likes

decent salary and perks but still less than Central Governments employees

Job security - Excellent

Dislikes

Undue pressure is put on us for target completion with staff shortage. Apart from this we have to deal with throttling compliance policies which makes even simple work cumbersome and difficult. There are so many portals for complaints and we are always on our toes.

Skill development - Poor

+3 more

Chief Manager in Patiala

BFSI, Investments & Trading Department

5.0

• posted on 26 Oct 2018

4.0

for Salary and Benefits

Likes

...on is excellent.In a nutshell good and progressive bank with solid fundamentals. Salary is as in other PSU banks.

Salary - Good

+6 more

Dislikes

It is hectic sometimes

Chief Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 05 Oct 2018

4.0

for Salary and Benefits

Likes

... a public sector bank , the activities are as per the directives of RBI/GovtThe. Salary is as per bi-partite settlement between IBA and trade unions.

Salary - Good

+5 more

Dislikes

There is no work-life balance, especially for the branch heads.

see more salary related reviews

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Punjab National Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Punjab National Bank in Mumbai?

The average salary of a Credit Manager at Punjab National Bank in Mumbai typically ranges from ₹10.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of Credit Manager in Mumbai at Punjab National Bank earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Credit Manager Salaries at Punjab National 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 10+ Punjab National Bank employees in India.

What is the estimated take home salary of a Credit Manager at Punjab National Bank in Mumbai?

The estimated take-home salary of a Credit Manager at Punjab National Bank in Mumbai typically ranges from ₹1,12,594 to ₹1,15,723 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 4 years to 9 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 10+ salaries received from various employees of Punjab National Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Punjab National Bank for Credit Manager in India?

State Bank of India	₹12.0 Lakhs to ₹27.0 Lakhs per year
Canara Bank	₹13.0 Lakhs to ₹19.4 Lakhs per year
Bank of Baroda	₹10.0 Lakhs to ₹19.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Punjab National Bank, depending on the role and experience level.

What is the salary of a Credit Manager in companies similar to Punjab National Bank in Mumbai?

The salary of a Credit Manager at companies similar to Punjab National Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Union Bank of India	₹10.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India	₹11.4 Lakhs to ₹16.0 Lakhs per year
Bank of India	₹9.0 Lakhs to ₹18.0 Lakhs per year
Standard Chartered	₹11.0 Lakhs to ₹15.0 Lakhs per year
Indian Bank	₹11.0 Lakhs to ₹12.8 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 Credit Manager at Punjab National Bank in Mumbai?

The salary growth for a Credit Manager at Punjab National Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Mumbai can expect the following growth trajectory at Punjab National Bank:

Experience	Average Salary Range
4 years	₹14.3 Lakhs to ₹18.2 Lakhs per year
5 years	₹14.5 Lakhs to ₹18.6 Lakhs per year
6 years	₹15.0 Lakhs to ₹18.9 Lakhs per year
7 years	₹10.0 Lakhs to ₹18.0 Lakhs per year

and so on.

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Punjab National Bank Credit Manager Salaries in Mumbai

Punjab National Bank Credit Manager salary in Mumbai ranges between ₹10 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Punjab National Bank latest salaries received from various employees of Punjab National Bank.