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

4 - 9 years exp.

₹10 Lakhs - ₹20 Lakhs

Salary of majority employees

98% 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. (5 salaries)	₹10 L/yr - ₹20 L/yr
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Risk Management & Compliance Credit Manager Salary 9 years exp. (AmbitionBox Estimate)	₹17.8 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. (14 salaries)

₹10 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	₹12 L/yr - ₹27 L/yr 12% more
HDFC Bank Credit Manager Salary 0 - 11 years exp. (454 salaries)	₹3.6 L/yr - ₹15 L/yr 46% less	5 job openings
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ICICI Bank Credit Manager Salary 0 - 11 years exp. (566 salaries)	₹4 L/yr - ₹16.5 L/yr 39% less
Axis Bank Credit Manager Salary 0 - 13 years exp. (145 salaries)	₹4 L/yr - ₹15.3 L/yr 43% less
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (240 salaries)	₹4 L/yr - ₹13 L/yr 45% less
Yes Bank Credit Manager Salary 0 - 10 years exp. (74 salaries)	₹4.6 L/yr - ₹12.5 L/yr 47% less
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (35 salaries)	₹3.6 L/yr - ₹11 L/yr 52% less	1 job opening
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (214 salaries)	₹4.1 L/yr - ₹12.2 L/yr 50% less	1 job opening
Federal Bank Credit Manager Salary 2 - 12 years exp. (33 salaries)	₹11 L/yr - ₹20 L/yr 3% less
RBL Bank Credit Manager Salary 2 - 11 years exp. (27 salaries)	₹3 L/yr - ₹11.7 L/yr 57% less

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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 14 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)	₹14.4 L/yr - ₹27.9 L/yr
5 years (AmbitionBox Estimate)	₹12 L/yr - ₹28.4 L/yr
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6 years (4 salaries)	₹10 L/yr - ₹18.9 L/yr
7 years (4 salaries)	₹10 L/yr - ₹18 L/yr
8 years (AmbitionBox Estimate)	₹15 L/yr - ₹19.1 L/yr
9 years (3 salaries)	₹10 L/yr - ₹20 L/yr

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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 - 15 years exp.

26% hike

Chief Manager 10 - 18 years exp.

48% 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

(32 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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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Punjab National Bank Credit Manager Salary FAQs

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

Credit Manager salary at Punjab National Bank in Mumbai ranges between ₹10.0 Lakhs to ₹20.0 Lakhs for experience between 4 years to 9 years. According to our estimates it is 98% more than the average Credit Manager Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Punjab National Bank Mumbai.

How does the salary of a Credit Manager at Punjab National Bank Mumbai compare with the average salary range for this job?

The average salary of a Credit Manager at Punjab National Bank is 98% more than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Punjab National Bank to a Credit Manager in Mumbai?

IDBI Bank Credit Manager Salary - ₹12.0 Lakhs to ₹28.9 Lakhs per year
Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹19.3 Lakhs per year
State Bank of India Credit Manager Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹19.0 Lakhs per year
Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year

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

Federal Bank Credit Manager Salary - ₹11.0 Lakhs to ₹20.0 Lakhs per year
Central Bank of India Credit Manager Salary - ₹11.4 Lakhs to ₹16.0 Lakhs per year
Bank of India Credit Manager Salary - ₹9.0 Lakhs to ₹18.0 Lakhs per year
Standard Chartered Credit Manager Salary - ₹11.0 Lakhs to ₹15.4 Lakhs per year
Indian Bank Credit Manager Salary - ₹11.0 Lakhs to ₹14.0 Lakhs per year

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 ranges between ₹1,10,554 per month to ₹1,13,616 per month in Mumbai. The take-home salary calculation is based on the average Punjab National Bank Credit Manager salary in India which ranges between ₹10.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 4 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Punjab National Bank in Mumbai?

According to AmbitionBox, 56% of the Punjab National Bank Credit Managers in Mumbai reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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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 14 Punjab National Bank latest salaries received from various employees of Punjab National Bank.