South Indian Bank Chennai Credit Manager Salaries by 4 Employees (Updated 2025)

5 - 7 years exp.

₹9 Lakhs - ₹14.5 Lakhs

Salary of majority employees

59% 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 - ₹14.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Federal Bank Credit Manager Salary 2 - 10 years exp. (11 salaries)	₹10 L/yr - ₹20 L/yr 18% more
Karur Vysya Bank Credit Manager Salary 4 - 12 years exp. (9 salaries)	₹6.3 L/yr - ₹13.9 L/yr 18% less
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CSB Bank Credit Manager Salary 0 - 5 years exp. (7 salaries)	₹7.5 L/yr - ₹12 L/yr 32% less
DBS Bank Credit Manager Salary 5 - 11 years exp. (5 salaries)	₹7.5 L/yr - ₹18.6 L/yr 14% more
ICICI Bank Credit Manager Salary 0 - 11 years exp. (179 salaries)	₹3.8 L/yr - ₹15 L/yr 30% less	1 job opening
HDFC Bank Credit Manager Salary 0 - 11 years exp. (174 salaries)	₹2 L/yr - ₹12 L/yr 48% less	3 job openings
Yes Bank Credit Manager Salary 0 - 10 years exp. (60 salaries)	₹3.4 L/yr - ₹11 L/yr 38% less
Axis Bank Credit Manager Salary 0 - 12 years exp. (45 salaries)	₹4 L/yr - ₹14 L/yr 31% less
Kotak Mahindra Bank Credit Manager Salary 0 - 9 years exp. (39 salaries)	₹4 L/yr - ₹13.2 L/yr 30% less
IDFC FIRST Bank Credit Manager Salary 1 - 10 years exp. (30 salaries)	₹3.5 L/yr - ₹12 L/yr 40% less
IndusInd Bank Credit Manager Salary 3 - 12 years exp. (16 salaries)	₹3.5 L/yr - ₹13.5 L/yr 39% less	6 job openings
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Jana Small Finance Bank Credit Manager Salary 4 - 11 years exp. (15 salaries)	₹3.5 L/yr - ₹6.6 L/yr 61% less
Ujjivan Small Finance Bank Credit Manager Salary 0 - 7 years exp. (3 salaries)	₹4.2 L/yr - ₹6.2 L/yr 57% less

Credit Manager salary at South Indian Bank ranges between ₹9 Lakhs to ₹14.5 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)	₹9 L/yr - ₹21.3 L/yr
6 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹22.1 L/yr
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7 years (AmbitionBox Estimate)	₹10 L/yr - ₹22.9 L/yr

Similar Designation salaries in South Indian Bank

Branch Manager Salary

(8 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

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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I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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South Indian Bank Credit Manager Salary FAQs

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

Credit Manager salary at South Indian Bank in Chennai ranges between ₹9.0 Lakhs to ₹14.5 Lakhs for experience between 5 years to 7 years. According to our estimates it is 59% more than the average Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of South Indian Bank Chennai.

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

The average salary of a Credit Manager at South Indian Bank is 59% more than the average salary of a Credit Manager in Chennai. To know exact salary insights, login to view.

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

Federal Bank Credit Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year
DBS Bank Credit Manager Salary - ₹7.5 Lakhs to ₹18.6 Lakhs per year

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

Karur Vysya Bank Credit Manager Salary - ₹6.3 Lakhs to ₹13.9 Lakhs per year
ICICI Bank Credit Manager Salary - ₹3.8 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹13.2 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
CSB Bank Credit Manager Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year

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 ranges between ₹91,421 per month to ₹93,859 per month in Chennai. 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 ₹14.5 Lakhs per year for employees with experience between 5 years to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the South Indian Bank Credit Managers in Chennai reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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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 ₹14.5 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.