South Indian Bank Credit Manager Salaries by 30+ Employees (Updated 2024)

4 - 11 years exp.

₹9 Lakhs - ₹21 Lakhs

Salary of majority employees

99% 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. (18 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: 5 Dec 2024

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. (91 salaries)	₹9 L/yr - ₹20 L/yr 2% more
Karur Vysya Bank Credit Manager Salary 1 - 12 years exp. (85 salaries)	₹7 L/yr - ₹16 L/yr 30% less
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City Union Bank Credit Manager Salary 3 - 14 years exp. (14 salaries)	₹8.5 L/yr - ₹15 L/yr 24% less
Karnataka Bank Credit Manager Salary 0 - 11 years exp. (9 salaries)	₹10.5 L/yr - ₹15 L/yr 13% 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 - 6 years exp. (37 salaries)	₹4.5 L/yr - ₹12.8 L/yr 48% less
DBS Bank Credit Manager Salary 3 - 13 years exp. (19 salaries)	₹7.2 L/yr - ₹26.3 L/yr 3% less
the Nainital Bank Credit Manager Salary 6 - 9 years exp. (5 salaries)	₹9 L/yr - ₹11 L/yr 37% 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. (3.2k salaries)	₹4.2 L/yr - ₹14.5 L/yr 36% less
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.8k salaries)	₹3.5 L/yr - ₹14 L/yr 45% less	4 job openings
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Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1.1k salaries)	₹4 L/yr - ₹15.2 L/yr 42% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (958 salaries)	₹3.5 L/yr - ₹12 L/yr 48% less	1 job opening
Axis Bank Credit Manager Salary 0 - 13 years exp. (839 salaries)	₹4 L/yr - ₹14.5 L/yr 41% less
Yes Bank Credit Manager Salary 0 - 10 years exp. (458 salaries)	₹4.2 L/yr - ₹14.1 L/yr 43% less	2 job openings
Bandhan Bank Credit Manager Salary 0 - 11 years exp. (435 salaries)	₹2.5 L/yr - ₹10.4 L/yr 57% less
Utkarsh Small Finance Bank Credit Manager Salary 1 - 9 years exp. (271 salaries)	₹1.9 L/yr - ₹9.4 L/yr 70% less
IndusInd Bank Credit Manager Salary 2 - 11 years exp. (218 salaries)	₹3.2 L/yr - ₹13.4 L/yr 50% less
Jana Small Finance Bank Credit Manager Salary 2 - 11 years exp. (187 salaries)	₹1.6 L/yr - ₹9.4 L/yr 63% less
RBL Bank Credit Manager Salary 1 - 10 years exp. (144 salaries)	₹2.4 L/yr - ₹11 L/yr 60% 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 30 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Credit Manager salaries

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹13 L/yr - ₹24.6 L/yr
5 years (4 salaries)	₹9 L/yr - ₹25.5 L/yr
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6 years (3 salaries)	₹9.6 L/yr - ₹26.4 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)	₹6.8 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

(73 salaries)

₹9 L/yr - ₹20 L/yr

Chief Manager Salary

(41 salaries)

₹14.15 L/yr - ₹26 L/yr

Credit Analyst Salary

(35 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

3.5

Rated by 7 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

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

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.

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.

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

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.

Dislikes

Sometime too much of regulations and rules hurt the business

Customer Service Associate in Durgapur

Full Time

Other Department

3.0

• posted on 17 Sep 2023

4.0

for Salary and Benefits

Likes

Their salary structure as compare to other pvt Bank is good because they follow iba payscale but not sure for how long after the change in the administration.

Dislikes

Senior staff of the banks are useless they just want to sit and expect spoon feeding bank initiative taken by the head office are never been viewed seriously managers of the bank in fact assistant manager and the po just act that they are working but the reality is that they just wanna pas their time in side the bank

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 99% more than the average Credit Manager Salary in India. Salary estimates are based on 30 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 99% 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?

IDBI Bank Credit Manager Salary - ₹8.0 Lakhs to ₹27.0 Lakhs per year
Canara Bank Credit Manager Salary - ₹11.1 Lakhs to ₹23.0 Lakhs per year
Union Bank of India Credit Manager Salary - ₹6.5 Lakhs to ₹20.0 Lakhs per year
Federal Bank Credit Manager Salary - ₹9.0 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 ₹15.0 Lakhs per year
Karur Vysya Bank Credit Manager Salary - ₹7.0 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 ₹1,05,672 per month to ₹1,08,577 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, 75% of the South Indian Bank Credit Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month.This is based on 12 responses on AmbitionBox in last 2 years.

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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 30 South Indian Bank latest salaries received from various employees of South Indian Bank.