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State Bank of India Credit Manager salaries in India (Updated 2025)

Annual salary range
3 - 14 years exp.
₹10 Lakhs - ₹32 Lakhs
Salary of majority employees
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152% more than the average Credit Manager Salary in Banking Companies for 3 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Credit Manager Salary
3 - 14 years exp. (29 salaries)
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₹10 L/yr - ₹32 L/yr

Risk Management & Compliance
Credit Manager Salary
8 - 13 years exp. (4 salaries)
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₹17 L/yr - ₹25 L/yr

Finance & Accounting
Credit Manager Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹24 L/yr - ₹30 L/yr

Last Updated: 1 Mar 2025

Companies similar to State Bank of India for Credit Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Credit Manager Salary

0 - 12 years exp. (2.7k salaries)

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₹3.5 L/yr - ₹14.3 L/yr

arrow icon 57% less
6 job openings
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (3.3k salaries)

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₹4 L/yr - ₹17.1 L/yr

arrow icon 49% less
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Axis Bank Credit Manager Salary

0 - 12 years exp. (823 salaries)

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₹4 L/yr - ₹14.8 L/yr

arrow icon 56% less
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Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (1k salaries)

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₹4 L/yr - ₹14.5 L/yr

arrow icon 54% less
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Yes Bank Credit Manager Salary

0 - 10 years exp. (442 salaries)

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₹4.2 L/yr - ₹14.6 L/yr

arrow icon 56% less
1 job opening
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IndusInd Bank Credit Manager Salary

2 - 12 years exp. (228 salaries)

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₹3.4 L/yr - ₹12.8 L/yr

arrow icon 60% less
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (818 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 60% less
1 job opening
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Federal Bank Credit Manager Salary

2 - 12 years exp. (87 salaries)

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₹10 L/yr - ₹20 L/yr

arrow icon 21% less
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Punjab National Bank Credit Manager Salary

4 - 9 years exp. (45 salaries)

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₹6.8 L/yr - ₹20 L/yr

arrow icon 19% less
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Bank of Baroda Credit Manager Salary

4 - 13 years exp. (169 salaries)

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₹7 L/yr - ₹24 L/yr

arrow icon 11% less
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Credit Manager salary at State Bank of India ranges between ₹10 Lakhs to ₹32 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 47 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Credit Manager

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14 years exp.
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9 years exp.
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13 years exp.
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10 years exp.
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11 years exp.
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Experience wise State Bank of India Credit Manager salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹18 L/yr - ₹32.7 L/yr
4 years  (3 salaries)

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₹12 L/yr - ₹33.2 L/yr
5 years (AmbitionBox Estimate)

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₹14 L/yr - ₹33.6 L/yr
6 years (AmbitionBox Estimate)

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₹13 L/yr - ₹34.1 L/yr
7 years (AmbitionBox Estimate)

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₹13 L/yr - ₹34.6 L/yr
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State Bank of India Credit Manager Salary and Career Growth

From

To

Credit Manager

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3 - 14 years exp.

Regional Manager

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12 - 26 years exp.

Credit Manager 3 - 14 years exp.
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Chief Manager 11 - 22 years exp.
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arrow icon 68% hike
Assistant General Manager 16 - 32 years exp.
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arrow icon -6% hike

View more

From

3 more levels

To

Credit Manager

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3 - 14 years exp.

New Business Manager

Salary unavailable

View 1 more career path

Similar Designation salaries in State Bank of India

Credit Officer Salary
(31 salaries)
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₹8.5 L/yr - ₹17 L/yr
Branch Manager Salary
(290 salaries)
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₹9 L/yr - ₹33.4 L/yr
Deputy Manager Salary
(575 salaries)
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₹7.2 L/yr - ₹28 L/yr
Chief Manager Salary
(366 salaries)
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₹15 L/yr - ₹50 L/yr
Credit Analyst Salary
(93 salaries)
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₹8.18 L/yr - ₹30 L/yr
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₹25 L/yr - ₹28 L/yr
Sales Manager Salary
(21 salaries)
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₹2 L/yr - ₹5 L/yr
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₹4.23 L/yr - ₹15 L/yr
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₹10 L/yr - ₹16 L/yr
Regional Credit Manager Salary
(AmbitionBox Estimate)
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₹25.2 L/yr - ₹32.2 L/yr

Top skills at State Bank of India for Credit Manager

Ca Credit Appraisal ICWA Credit Risk CFA Credit Rating Banking Credit Analysis

Salary related reviews for State Bank of India

2.8

Rated by 12 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 19 Jan 2025

1.0
 for  Salary and Benefits

Likes

Fixed salary

  • Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

read more
  • Salary - Bad
  • +5 more

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 15 Nov 2024

4.0
 for  Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

  • Salary - Good
  • +1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

read more
  • Skill development - Bad
  • +3 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 18 Sep 2024

4.0
 for  Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

read more
  • Salary - Good
  • +2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

read more
  • Company culture - Poor
  • +1 more

Full Time

 · 

Other Department

3.0
  •  posted on 28 Jul 2024

3.0
 for  Salary and Benefits

Likes

Salary and little bit of recognition

  • Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

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  • Work satisfaction - Bad
  • +2 more

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.

read more
  • 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.

read more
  • Skill development - Bad
  • +2 more
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State Bank of India Credit Manager Salary FAQs

What is the salary of Credit Manager at State Bank of India?
Credit Manager salary at State Bank of India in India ranges between ₹10.0 Lakhs to ₹32.0 Lakhs for experience between 3 years to 14 years. According to our estimates it is 152% more than the average Credit Manager Salary in India. Salary estimates are based on 47 latest salaries received from various employees of State Bank of India India.
How does the salary of a Credit Manager at State Bank of India India compare with the average salary range for this job?
The average salary of a Credit Manager at State Bank of India is 152% more than the average salary of a Credit Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Credit Manager at State Bank of India?
Ca, Credit Appraisal, ICWA, Credit Risk and CFA are some of the popular skills required to work as a Credit Manager at State Bank of India India.
What is the salary of a Credit Manager in companies similar to State Bank of India in India?
  • Canara Bank Credit Manager Salary - ₹11.1 Lakhs to ₹26.0 Lakhs per year
  • IDBI Bank Credit Manager Salary - ₹8.0 Lakhs to ₹28.9 Lakhs per year
  • Bank of Baroda Credit Manager Salary - ₹7.0 Lakhs to ₹24.0 Lakhs per year
  • Deutsche Bank Credit Manager Salary - ₹7.8 Lakhs to ₹27.0 Lakhs per year
  • Punjab National Bank Credit Manager Salary - ₹6.8 Lakhs to ₹20.0 Lakhs per year
What is the estimated take home salary of a Credit Manager at State Bank of India in India?
The estimated take-home salary of a Credit Manager at State Bank of India ranges between ₹1,29,635 per month to ₹1,34,174 per month in India. The take-home salary calculation is based on the average State Bank of India Credit Manager salary in India which ranges between ₹10.0 Lakhs to ₹32.0 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?
What is the notice period for Credit Manager at State Bank of India?
According to AmbitionBox, 75% of the State Bank of India Credit Managers reported a notice period of 3 Months, 14% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 28 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

State Bank of India Credit Manager salary in India ranges between ₹10 Lakhs to ₹32 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 47 State Bank of India latest salaries received from various employees of State Bank of India.