South Indian Bank Chennai Credit Manager Salaries by 4 Employees

5 - 7 years exp.

₹9 Lakhs - ₹13.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% more than the average Credit Manager Salary in Banking Companies for 5 - 7 years of experience

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Last Updated: 6 May 2023

Companies similar to South Indian Bank for Credit Manager in Chennai

South Indian Bank Credit Manager Salary

5 - 7 years exp. (4 salaries)

₹9 L/yr - ₹13.9 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Credit Manager Salary 0 - 11 years exp. (173 salaries)	₹3.8 L/yr - ₹15 L/yr 26% less
HDFC Bank Credit Manager Salary 0 - 11 years exp. (173 salaries)	₹3 L/yr - ₹12 L/yr 38% less	13 job openings
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Yes Bank Credit Manager Salary 1 - 10 years exp. (58 salaries)	₹3 L/yr - ₹11.1 L/yr 44% less
Axis Bank Credit Manager Salary 0 - 11 years exp. (46 salaries)	₹4 L/yr - ₹14 L/yr 25% less
Kotak Mahindra Bank Credit Manager Salary 0 - 9 years exp. (37 salaries)	₹4 L/yr - ₹12.6 L/yr 25% less
IDFC FIRST Bank Credit Manager Salary 1 - 10 years exp. (30 salaries)	₹3.5 L/yr - ₹12 L/yr 39% less
IndusInd Bank Credit Manager Salary 3 - 12 years exp. (18 salaries)	₹3.5 L/yr - ₹13.6 L/yr 39% less	9 job openings
Jana Small Finance Bank Credit Manager Salary 4 - 11 years exp. (13 salaries)	₹3.5 L/yr - ₹6.6 L/yr 54% less
Federal Bank Credit Manager Salary 2 - 10 years exp. (11 salaries)	₹10 L/yr - ₹20 L/yr 21% more
Karur Vysya Bank Credit Manager Salary 4 - 12 years exp. (9 salaries)	₹6.3 L/yr - ₹13.9 L/yr 18% less
Ujjivan Small Finance Bank Credit Manager Salary 0 - 6 years exp. (3 salaries)	₹4.2 L/yr - ₹5.9 L/yr 57% less
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Credit Manager salary at South Indian Bank ranges between ₹9 Lakhs to ₹13.9 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Credit Manager salaries in Chennai

Last Updated: 6 May 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
6 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.7 L/yr
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7 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr

Similar Designation salaries in South Indian Bank

Branch Manager Salary

(7 salaries)

₹9 L/yr - ₹16.5 L/yr

Credit Analyst Salary

(6 salaries)

₹8.5 L/yr - ₹15 L/yr

Salary related reviews for South Indian Bank

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

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Assistant Manager in Kochi

Full Time

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1.0

• posted on 10 May 2024

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for Salary and Benefits

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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

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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

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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

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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South Indian Bank Credit Manager Salary FAQs

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

The average salary of a Credit Manager at South Indian Bank in Chennai typically ranges from ₹9.0 Lakhs to ₹13.9 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Credit Manager in Chennai at South Indian Bank earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 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 4 South Indian Bank employees in India.

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

The estimated take-home salary of a Credit Manager at South Indian Bank in Chennai typically ranges from ₹88,755 to ₹91,085 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹13.9 Lakhs per year for employees with experience ranging from 5 years to 7 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 4 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?

Federal Bank

₹10.0 Lakhs to ₹20.0 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 Chennai?

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

Karur Vysya Bank	₹6.3 Lakhs to ₹13.9 Lakhs per year
Kotak Mahindra Bank	₹4.0 Lakhs to ₹12.6 Lakhs per year
Axis Bank	₹4.0 Lakhs to ₹14.0 Lakhs per year
ICICI Bank	₹3.8 Lakhs to ₹15.0 Lakhs per year
HDFC Bank	₹3.0 Lakhs to ₹12.0 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 Chennai?

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

Experience	Average Salary Range
5 years	₹10.4 Lakhs to ₹13.3 Lakhs per year
6 years	₹10.8 Lakhs to ₹13.7 Lakhs per year
7 years	₹11.1 Lakhs to ₹14.2 Lakhs per year

and so on.

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South Indian Bank Credit Manager Salaries in Chennai

South Indian Bank Credit Manager salary in Chennai ranges between ₹9 Lakhs to ₹13.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 South Indian Bank latest salaries received from various employees of South Indian Bank.