South Indian Bank Credit Manager Salaries by 20+ Employees (Updated 2025)

4 - 11 years exp.

₹9 Lakhs - ₹21 Lakhs

Salary of majority employees

96% more than the average Credit Manager Salary in Banking Companies for 4 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 5 - 11 years exp. (17 salaries)	₹9 L/yr - ₹21 L/yr
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Finance & Accounting Credit Manager Salary 4 - 9 years exp. (8 salaries)	₹11 L/yr - ₹17 L/yr

Last Updated: 6 Jan 2025

Companies similar to South Indian Bank for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Federal Bank Credit Manager Salary 2 - 12 years exp. (87 salaries)	₹10 L/yr - ₹20 L/yr 2% more
Karur Vysya Bank Credit Manager Salary 1 - 12 years exp. (81 salaries)	₹6 L/yr - ₹16 L/yr 31% less
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City Union Bank Credit Manager Salary 3 - 14 years exp. (16 salaries)	₹8.5 L/yr - ₹15.5 L/yr 23% less
Karnataka Bank Credit Manager Salary 0 - 11 years exp. (9 salaries)	₹10.5 L/yr - ₹15 L/yr 11% less
Dhanlaxmi Bank Credit Manager Salary 11 - 18 years exp. (3 salaries)	₹3.9 L/yr - ₹14.5 L/yr 34% less
CSB Bank Credit Manager Salary 0 - 7 years exp. (37 salaries)	₹4.5 L/yr - ₹12 L/yr 45% less
DBS Bank Credit Manager Salary 3 - 13 years exp. (19 salaries)	₹7.2 L/yr - ₹26.3 L/yr 1% less
the Nainital Bank Credit Manager Salary 6 - 9 years exp. (5 salaries)	₹9 L/yr - ₹11 L/yr 36% less
J&K Bank Credit Manager Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹15 L/yr 16% less
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.3k salaries)	₹4 L/yr - ₹17.1 L/yr 34% less
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14.3 L/yr 44% less	6 job openings
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Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹4 L/yr - ₹14.5 L/yr 41% less
Axis Bank Credit Manager Salary 0 - 12 years exp. (823 salaries)	₹4 L/yr - ₹14.8 L/yr 43% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (818 salaries)	₹3 L/yr - ₹13 L/yr 49% less	1 job opening
Yes Bank Credit Manager Salary 0 - 10 years exp. (442 salaries)	₹4.2 L/yr - ₹14.6 L/yr 44% less	1 job opening
Bandhan Bank Credit Manager Salary 0 - 11 years exp. (403 salaries)	₹2.5 L/yr - ₹10 L/yr 60% less
Utkarsh Small Finance Bank Credit Manager Salary 1 - 10 years exp. (278 salaries)	₹2 L/yr - ₹8.6 L/yr 68% less	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (228 salaries)	₹3.4 L/yr - ₹12.8 L/yr 49% less
Jana Small Finance Bank Credit Manager Salary 2 - 12 years exp. (189 salaries)	₹1.5 L/yr - ₹10 L/yr 61% less
RBL Bank Credit Manager Salary 2 - 10 years exp. (141 salaries)	₹2.4 L/yr - ₹11.3 L/yr 57% less

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Credit Manager salary at South Indian Bank ranges between ₹9 Lakhs to ₹21 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 29 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Credit Manager salaries

Last Updated: 6 Jan 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹13 L/yr - ₹24.9 L/yr
5 years (4 salaries)	₹9 L/yr - ₹25.6 L/yr
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6 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹26.3 L/yr
7 years (6 salaries)	₹10 L/yr - ₹17 L/yr
8 years (6 salaries)	₹10 L/yr - ₹17 L/yr
9 years (6 salaries)	₹11.6 L/yr - ₹20 L/yr
10 years (3 salaries)	₹14 L/yr - ₹21 L/yr
11 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹20 L/yr

View all

Similar Designation salaries in South Indian Bank

Credit Officer Salary

(10 salaries)

₹9 L/yr - ₹14.99 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹11.2 L/yr - ₹14.3 L/yr

Branch Manager Salary

(51 salaries)

₹8 L/yr - ₹19.8 L/yr

Chief Manager Salary

(40 salaries)

₹14.15 L/yr - ₹26 L/yr

Credit Analyst Salary

(39 salaries)

₹8.25 L/yr - ₹18.5 L/yr

Sales Manager Salary

(8 salaries)

₹9.2 L/yr - ₹13 L/yr

Branch Credit Manager Salary

(3 salaries)

₹9 L/yr - ₹9.5 L/yr

Cluster Credit Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Regional Credit Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Assistant Credit Manager Salary

(5 salaries)

₹7 L/yr - ₹10.8 L/yr

Salary related reviews for South Indian Bank

3.1

Rated by 6 employees for salary & benefits

Officer in Ludhiana

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 May 2024

4.0

for Salary and Benefits

Likes

Salary benefits

Salary - Good

Dislikes

Worst Work Culture,don't waste your potential just for few more money.Huge Target Pressure and Politics, Nepotism at peak only malayali people sit and enjoy being here ,while other staff are tortured , harassed on daily basis.No matter how Educated,good Employee you're if you don't meet their Targets and don't Butter your senior each and every minute.People in Other part of India except kerela don't even know About Bank so think about it how difficult will be To meet Target,even if you meet Targets you have to Butter.If you like to get treated like animal then you guys can join

Skill development - Bad

+5 more

Assistant Manager in Kochi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 10 May 2024

4.0

for Salary and Benefits

Likes

Salary assured for IBA pay scale staff. No assurance for CTC staff. Not sure what will happen in salary for IBA scale staffs in coming years.

Salary - Good

+1 more

Dislikes

Work culture and work life balance adversely affected after introduction of cluster system in 2021. Excellent in alloting huge targets but worst in getting assistance for departments in solving customer complaints. Mental and physical health of staff seriously affected. Threatening messages through WhatsApp. Have to contact customers through personal mobile so that staff has to attend customer while at home and holidays.

Work satisfaction - Bad

+1 more

Assistant Manager Operations in Chennai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Jan 2025

5.0

for Salary and Benefits

Likes

Only salary and allowance at par with IBA till date.....

Salary - Excellent

Dislikes

There is no continuous Management at top level sudden changing in the management only orders and circular issuance.There is lot of higher ups to supervise us and sought us No one will come for ground work not recommended for youngsters

Skill development - Poor

+3 more

Probationary Officer in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Jul 2024

3.0

for Salary and Benefits

Likes

Less Pressure Salary, Perks & Other benefit

Dislikes

Words Would be Less to Describe the Disliking Outdated Bank Policies Terrible Management at top No Vision to Serve & Retain Good Customers No Marketing & Promotion Brand Name is hardly Known to people

Skill development - Bad

+4 more

Probationary Officer in Kochi

Full Time

Data Science & Analytics Department

4.0

• posted on 08 Oct 2023

5.0

for Salary and Benefits

Likes

Salary and work structure is just like a Govt. bank. IBA scales are maintained. Also the work life balance is quite decent compared to other private sector banks. Most of the employees are quite young (below 35 years) so that is an added advantage too.

Salary - Excellent

+5 more

Dislikes

Sometime too much of regulations and rules hurt the business

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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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South Indian Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at South Indian Bank?

Credit Manager salary at South Indian Bank in India ranges between ₹9.0 Lakhs to ₹21.0 Lakhs for experience between 4 years to 11 years. According to our estimates it is 96% more than the average Credit Manager Salary in India. Salary estimates are based on 29 latest salaries received from various employees of South Indian Bank India.

How does the salary of a Credit Manager at South Indian Bank India compare with the average salary range for this job?

The average salary of a Credit Manager at South Indian Bank is 96% more than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than South Indian Bank to a Credit Manager in India?

Canara Bank Credit Manager Salary - ₹11.1 Lakhs to ₹26.0 Lakhs per year
IDBI Bank Credit Manager Salary - ₹8.0 Lakhs to ₹28.9 Lakhs per year
Federal Bank Credit Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year
Union Bank of India Credit Manager Salary - ₹6.6 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to South Indian Bank in India?

DBS Bank Credit Manager Salary - ₹7.2 Lakhs to ₹26.3 Lakhs per year
Karnataka Bank Credit Manager Salary - ₹10.5 Lakhs to ₹15.0 Lakhs per year
J&K Bank Credit Manager Salary - ₹12.0 Lakhs to ₹15.0 Lakhs per year
City Union Bank Credit Manager Salary - ₹8.5 Lakhs to ₹15.5 Lakhs per year
Karur Vysya Bank Credit Manager Salary - ₹6.0 Lakhs to ₹16.0 Lakhs per year

What is the estimated take home salary of a Credit Manager at South Indian Bank in India?

The estimated take-home salary of a Credit Manager at South Indian Bank ranges between ₹1,04,912 per month to ₹1,07,792 per month in India. The take-home salary calculation is based on the average South Indian Bank Credit Manager salary in India which ranges between ₹9.0 Lakhs to ₹21.0 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at South Indian Bank?

According to AmbitionBox, 62% of the South Indian Bank Credit Managers reported a notice period of 3 Months, 38% reported a notice period of 1 Month.This is based on 13 responses on AmbitionBox in last 2 years.

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South Indian Bank Credit Manager Salaries by Location

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South Indian Bank Credit Manager Salaries

South Indian Bank Credit Manager salary in India ranges between ₹9 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 29 South Indian Bank latest salaries received from various employees of South Indian Bank.