South Indian Bank Senior Manager Credit Salaries by 5 Employees (Updated 2025)

7 - 13 years exp.

₹14 Lakhs - ₹18.8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

18% more than the average Senior Manager Credit Salary in Banking Companies for 7 - 13 years of experience

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Last Updated: 5 Mar 2025

Companies similar to South Indian Bank for Senior Manager Credit

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Senior Manager Credit Salary 2 - 12 years exp. (389 salaries)	₹6.5 L/yr - ₹16 L/yr 23% less
HDFC Bank Senior Manager Credit Salary 4 - 12 years exp. (328 salaries)	₹7 L/yr - ₹22.5 L/yr 11% less	1 job opening
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Yes Bank Senior Manager Credit Salary 4 - 13 years exp. (186 salaries)	₹7.8 L/yr - ₹17.3 L/yr 21% less
ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (165 salaries)	₹7 L/yr - ₹22.8 L/yr 9% less
Axis Bank Senior Manager Credit Salary 5 - 14 years exp. (119 salaries)	₹10 L/yr - ₹26.9 L/yr 2% less
IDFC FIRST Bank Senior Manager Credit Salary 2 - 15 years exp. (82 salaries)	₹7.4 L/yr - ₹15.5 L/yr 32% less
Union Bank of India Senior Manager Credit Salary 7 - 14 years exp. (48 salaries)	₹11 L/yr - ₹28.5 L/yr 24% more
Jana Small Finance Bank Senior Manager Credit Salary 3 - 10 years exp. (38 salaries)	₹3.1 L/yr - ₹12 L/yr 58% less
Canara Bank Senior Manager Credit Salary 6 - 13 years exp. (27 salaries)	₹16 L/yr - ₹35 L/yr 43% more
IndusInd Bank Senior Manager Credit Salary 3 - 12 years exp. (20 salaries)	₹8 L/yr - ₹23.5 L/yr 17% less	4 job openings
RBL Bank Senior Manager Credit Salary 1 - 15 years exp. (17 salaries)	₹10 L/yr - ₹15 L/yr 30% less
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Bandhan Bank Senior Manager Credit Salary 5 - 9 years exp. (15 salaries)	₹8.8 L/yr - ₹20.9 L/yr 7% less
Federal Bank Senior Manager Credit Salary 3 - 14 years exp. (14 salaries)	₹14 L/yr - ₹22 L/yr 21% more
Karur Vysya Bank Senior Manager Credit Salary 4 - 14 years exp. (9 salaries)	₹12 L/yr - ₹18.5 L/yr 3% less
The Saraswat Co-operative Bank Senior Manager Credit Salary 9 - 13 years exp. (7 salaries)	₹14 L/yr - ₹17 L/yr 3% less
Central Bank of India Senior Manager Credit Salary 10 - 15 years exp. (6 salaries)	₹14.5 L/yr - ₹22 L/yr 12% more
IDBI Bank Senior Manager Credit Salary 6 - 12 years exp. (5 salaries)	₹14 L/yr - ₹18 L/yr At par
Utkarsh Small Finance Bank Senior Manager Credit Salary 7 - 9 years exp. (4 salaries)	₹6.5 L/yr - ₹12.9 L/yr 42% less
UCO Bank Senior Manager Credit Salary 10 - 13 years exp. (4 salaries)	₹12 L/yr - ₹27 L/yr 8% more

Senior Manager Credit salary at South Indian Bank ranges between ₹14 Lakhs to ₹18.8 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Senior Manager Credit salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹12.9 L/yr - ₹16.5 L/yr
8 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
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9 years (AmbitionBox Estimate)	₹14 L/yr - ₹17.9 L/yr
10 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.6 L/yr
11 years (AmbitionBox Estimate)	₹15.1 L/yr - ₹19.3 L/yr
12 years (AmbitionBox Estimate)	₹15.7 L/yr - ₹20 L/yr
13 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr

View all

Similar Designation salaries in South Indian Bank

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(AmbitionBox Estimate)

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Credit Manager Salary

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₹9 L/yr - ₹21 L/yr

Chief Manager Salary

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₹12 L/yr - ₹30 L/yr

Branch Manager Salary

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₹9 L/yr - ₹20.42 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Credit Analyst Salary

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₹8.25 L/yr - ₹18.5 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹11.2 L/yr - ₹14.3 L/yr

Relationship Manager Salary

(25 salaries)

₹8 L/yr - ₹20 L/yr

Regional Credit Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Credit Officer Salary

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₹9 L/yr - ₹14.99 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

+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

Customer Service Associate in Coimbatore

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Mar 2025

5.0

for Salary and Benefits

Likes

Salary and other allowances

Salary - Excellent

+2 more

Dislikes

Work culture, constant transfers, to much of target pressure and malayalees groupism. There is job security but there won't be peace of mind after joining there. You will resign after going through a extenst

Work satisfaction - Bad

+2 more

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Salary Discussions, Hike & Promotions

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 Senior Manager Credit Salary FAQs

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

The average salary of a Senior Manager Credit at South Indian Bank in India typically ranges from ₹14.0 Lakhs to ₹18.8 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Senior Manager Credit at South Indian Bank earn more than ₹18.8 Lakhs per year, and the top 1% earn over ₹18.8 Lakhs per year. Senior Manager Credit 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 5 South Indian Bank employees in India.

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

The estimated take-home salary of a Senior Manager Credit at South Indian Bank in India typically ranges from ₹1,10,564 to ₹1,13,627 per month. This is based on the average salary range of ₹14.0 Lakhs to ₹18.8 Lakhs per year for employees with experience ranging from 7 years to 13 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 5 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 Senior Manager Credit in India?

Canara Bank	₹16.0 Lakhs to ₹35.0 Lakhs per year
Union Bank of India	₹11.0 Lakhs to ₹28.5 Lakhs per year
Federal Bank	₹14.0 Lakhs to ₹22.0 Lakhs per year
Central Bank of India	₹14.5 Lakhs to ₹22.0 Lakhs per year
UCO Bank	₹12.0 Lakhs to ₹27.0 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 Senior Manager Credit in companies similar to South Indian Bank in India?

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

IDBI Bank	₹14.0 Lakhs to ₹18.0 Lakhs per year
Axis Bank	₹10.0 Lakhs to ₹26.9 Lakhs per year
Karur Vysya Bank	₹12.0 Lakhs to ₹18.5 Lakhs per year
The Saraswat Co-operative Bank	₹14.0 Lakhs to ₹17.0 Lakhs per year
Bandhan Bank	₹8.8 Lakhs to ₹20.9 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 Senior Manager Credit at South Indian Bank in India?

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

Experience	Average Salary Range
7 years	₹12.9 Lakhs to ₹16.5 Lakhs per year
8 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
9 years	₹14.0 Lakhs to ₹17.9 Lakhs per year
10 years	₹14.6 Lakhs to ₹18.6 Lakhs per year

and so on.

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South Indian Bank Senior Manager Credit Salaries

South Indian Bank Senior Manager Credit salary in India ranges between ₹14 Lakhs to ₹18.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 South Indian Bank latest salaries received from various employees of South Indian Bank.