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

4 - 11 years exp.

₹9 Lakhs - ₹21 Lakhs

Salary of majority employees

101% 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. (82 salaries)	₹10 L/yr - ₹20 L/yr 1% less
Karur Vysya Bank Credit Manager Salary 1 - 12 years exp. (81 salaries)	₹6.3 L/yr - ₹16.8 L/yr 33% less
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City Union Bank Credit Manager Salary 3 - 14 years exp. (18 salaries)	₹8.5 L/yr - ₹16 L/yr 31% less
Karnataka Bank Credit Manager Salary 0 - 12 years exp. (10 salaries)	₹10.5 L/yr - ₹16 L/yr 16% less
Dhanlaxmi Bank Credit Manager Salary 11 - 18 years exp. (3 salaries)	₹3.9 L/yr - ₹14.5 L/yr 36% less
CSB Bank Credit Manager Salary 0 - 7 years exp. (37 salaries)	₹4.5 L/yr - ₹12 L/yr 49% less
DBS Bank Credit Manager Salary 3 - 13 years exp. (19 salaries)	₹7.2 L/yr - ₹26.3 L/yr 4% less
the Nainital Bank Credit Manager Salary 6 - 9 years exp. (5 salaries)	₹9 L/yr - ₹11 L/yr 38% less
J&K Bank Credit Manager Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹15 L/yr 18% less
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.2k salaries)	₹4.3 L/yr - ₹18 L/yr 36% less
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14.4 L/yr 46% less	14 job openings
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Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹3.8 L/yr - ₹15 L/yr 42% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (822 salaries)	₹3 L/yr - ₹13.5 L/yr 51% less
Axis Bank Credit Manager Salary 0 - 12 years exp. (826 salaries)	₹3.5 L/yr - ₹14.8 L/yr 45% less
Yes Bank Credit Manager Salary 0 - 12 years exp. (416 salaries)	₹4.2 L/yr - ₹14.3 L/yr 44% less	1 job opening
Bandhan Bank Credit Manager Salary 0 - 15 years exp. (304 salaries)	₹2.6 L/yr - ₹10.8 L/yr 59% less
Utkarsh Small Finance Bank Credit Manager Salary 1 - 10 years exp. (278 salaries)	₹2 L/yr - ₹8.6 L/yr 69% less	2 job openings
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (233 salaries)	₹2.9 L/yr - ₹13 L/yr 51% less	1 job opening
Jana Small Finance Bank Credit Manager Salary 2 - 12 years exp. (190 salaries)	₹1.5 L/yr - ₹10 L/yr 62% less
RBL Bank Credit Manager Salary 1 - 10 years exp. (135 salaries)	₹2.4 L/yr - ₹11.4 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 - ₹25.9 L/yr
5 years (4 salaries)	₹9 L/yr - ₹26.6 L/yr
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6 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹27.3 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)	₹6.8 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

(50 salaries)

₹7 L/yr - ₹19 L/yr

Chief Manager Salary

(46 salaries)

₹12 L/yr - ₹30 L/yr

Credit Analyst Salary

(39 salaries)

₹8.25 L/yr - ₹18.5 L/yr

Sales Manager Salary

(9 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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South Indian Bank Credit Manager Salary FAQs

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

The average salary of a Credit Manager at South Indian Bank in India typically ranges from ₹9.0 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of Credit Manager at South Indian Bank earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Credit Manager Salaries at South Indian 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 20+ South Indian Bank employees in India.

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 in India typically ranges from ₹1,07,808 to ₹1,10,781 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 4 years to 11 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 20+ salaries received from various employees of South Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than South Indian Bank for Credit Manager in India?

IDBI Bank	₹8.5 Lakhs to ₹28.9 Lakhs per year
Canara Bank	₹11.1 Lakhs to ₹26.0 Lakhs per year

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

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

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

Federal Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year
DBS Bank	₹7.2 Lakhs to ₹26.3 Lakhs per year
Union Bank of India	₹6.6 Lakhs to ₹20.0 Lakhs per year
Central Bank of India	₹10.0 Lakhs to ₹17.0 Lakhs per year
Karnataka Bank	₹10.5 Lakhs to ₹16.0 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 South Indian Bank in India?

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

Experience	Average Salary Range
4 years	₹13.0 Lakhs to ₹25.9 Lakhs per year
5 years	₹9.0 Lakhs to ₹26.6 Lakhs per year
6 years	₹9.6 Lakhs to ₹27.3 Lakhs per year
7 years	₹10.0 Lakhs to ₹17.0 Lakhs per year

and so on.

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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.