State Bank of India Chief Manager Credit Salaries by 4 Employees (Updated 2025)

11 - 14 years exp.

₹29 Lakhs - ₹33 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

25% more than the average Chief Manager Credit Salary in Banking Companies for 11 - 14 years of experience

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Last Updated: 8 Mar 2025

Companies similar to State Bank of India for Chief Manager Credit

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Chief Manager Credit Salary 6 - 12 years exp. (27 salaries)	₹9 L/yr - ₹22 L/yr 51% less
Bank of Baroda Chief Manager Credit Salary 8 - 14 years exp. (26 salaries)	₹15 L/yr - ₹37 L/yr 8% less
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Union Bank of India Chief Manager Credit Salary 10 - 19 years exp. (21 salaries)	₹18 L/yr - ₹40 L/yr At par
Punjab National Bank Chief Manager Credit Salary 7 - 14 years exp. (20 salaries)	₹14 L/yr - ₹36 L/yr 1% more
Indian Bank Chief Manager Credit Salary 12 - 27 years exp. (10 salaries)	₹17.2 L/yr - ₹35 L/yr 7% less
ICICI Bank Chief Manager Credit Salary 5 - 11 years exp. (5 salaries)	₹17.8 L/yr - ₹20.5 L/yr 35% less
IDFC FIRST Bank Chief Manager Credit Salary 9 - 14 years exp. (5 salaries)	₹13 L/yr - ₹16.8 L/yr 51% less
Central Bank of India Chief Manager Credit Salary 10 - 13 years exp. (4 salaries)	₹14 L/yr - ₹21 L/yr 41% less
Bank of India Chief Manager Credit Salary 10 - 34 years exp. (4 salaries)	₹12 L/yr - ₹22 L/yr 44% less
Indian Overseas Bank Chief Manager Credit Salary 9 - 11 years exp. (3 salaries)	₹14.5 L/yr - ₹30 L/yr 22% less

Chief Manager Credit salary at State Bank of India ranges between ₹29 Lakhs to ₹33 Lakhs per year for employees with experience between 11 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Chief Manager Credit salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹31 L/yr
12 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹31 L/yr
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13 years (AmbitionBox Estimate)	₹29 L/yr - ₹54.4 L/yr
14 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹33 L/yr

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Salary related reviews for State Bank of India

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 20 Dec 2023

3.0

for Salary and Benefits

Likes

Job is secured. We get to serve all kind of customers. Employees get huge exposure in whichever field /segment they are working in, great medical benefit, loans at concessional rate.

Job security - Excellent

Dislikes

Age old promotion policy, rigid system, salary is not as per industry standard, lack of proper training, late sitting is rewarded, no facility for working mothers, except for maternity leave, no wfh facility.

Skill development - Bad

+2 more

Branch Manager in Akola

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 14 Dec 2023

1.0

for Salary and Benefits

Likes

There is nothing significant to write in this section.

Dislikes

...BI is its HR section and due to this, the problems faced by employees get worse. Seniors often resort to verbal personal attacks, humiliate you publicly, decline your bills, stop your salary, etc. They make sure you are ostracized, from others. You are never granted leave. Asking for leave is like asking for parole as if you are incarcerated, and as with parole, your leaves are rejected. They will play mind games and they will stalk you, where you live, where you go, who you are talking to, whether you are leaving the place, and many more. Better not to work here, than get your confidence completely shattered. Hope it helps anybody reading.

Salary - Bad

+6 more

Branch Manager in Guwahati

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 30 Sep 2022

4.0

for Salary and Benefits

Likes

Good Salary and benefits Recognition that comes with working here. Best remuneration at entry level.

Salary - Good

+1 more

Dislikes

Infrastructure is not at par with the industry. Very few chances for learning and skill development Ineffective management. Work life balance is absent Top Down approach of management Grossly Mismanaged at lower levels and unreasonable pressure on frontline staff. Absence of well defined roles for employees and everything is haphazard and makeshift Future is ambiguous Unethical work practices

Skill development - Poor

+3 more

Banking Officer in Parbhani

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Apr 2022

3.0

for Salary and Benefits

Likes

There is no work life balance in the bank . Working on holiday without any compensation is regular aspect here. Hr policies are only for namesake

Dislikes

There is no space at all fo work life balance. Officers here work daily for 13 to 14 hours and also work on holiday without getting any compensation

Work satisfaction - Bad

+2 more

Retired Chief Manager in Tezpur

Full Time

Administration & Facilities Department

4.0

• posted on 28 Feb 2023

4.0

for Salary and Benefits

Likes

Very strong and reputed organisation having good opportunity of promotion and appraisal and salary and benefits also matched .

Salary - Good

+4 more

Dislikes

Unmatched strategy creating work loads subsequent to which personal life become stressful and unhealthy.

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State Bank of India Chief Manager Credit Salary FAQs

What is the salary of Chief Manager Credit at State Bank of India ?

The average salary of a Chief Manager Credit at State Bank of India in India typically ranges from ₹29.0 Lakhs to ₹33.0 Lakhs per year, depending on experience (from 11 years to 14 years).

The top 10% of Chief Manager Credit at State Bank of India earn more than ₹33.0 Lakhs per year, and the top 1% earn over ₹33.0 Lakhs per year. Chief Manager Credit Salaries at State Bank of India 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 State Bank of India employees in India.

What is the estimated take home salary of a Chief Manager Credit at State Bank of India in India?

The estimated take-home salary of a Chief Manager Credit at State Bank of India in India typically ranges from ₹1,83,099 to ₹1,90,241 per month. This is based on the average salary range of ₹29.0 Lakhs to ₹33.0 Lakhs per year for employees with experience ranging from 11 years to 14 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 State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than State Bank of India for Chief Manager Credit in India?

Punjab National Bank

₹14.0 Lakhs to ₹36.0 Lakhs per year

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

What is the salary of a Chief Manager Credit in companies similar to State Bank of India in India?

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

Union Bank of India	₹18.0 Lakhs to ₹40.0 Lakhs per year
Indian Bank	₹17.2 Lakhs to ₹35.0 Lakhs per year
Bank of Baroda	₹15.0 Lakhs to ₹37.0 Lakhs per year
Indian Overseas Bank	₹14.5 Lakhs to ₹30.0 Lakhs per year
ICICI Bank	₹17.8 Lakhs to ₹20.5 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 Chief Manager Credit at State Bank of India in India?

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

Experience	Average Salary Range
11 years	₹11.1 Lakhs to ₹31.0 Lakhs per year
12 years	₹11.6 Lakhs to ₹31.0 Lakhs per year
13 years	₹29.0 Lakhs to ₹54.4 Lakhs per year
14 years	₹12.6 Lakhs to ₹33.0 Lakhs per year

and so on.

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State Bank of India Chief Manager Credit Salaries

State Bank of India Chief Manager Credit salary in India ranges between ₹29 Lakhs to ₹33 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.