State Bank of India Credit Manager Salaries by 40+ Employees (Updated 2025)

5 - 14 years exp.

₹10 Lakhs - ₹32 Lakhs

Salary of majority employees

168% more than the average Credit Manager Salary in Banking Companies for 5 - 14 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 5 - 14 years exp. (27 salaries)	₹10 L/yr - ₹32 L/yr
Risk Management & Compliance Credit Manager Salary 8 - 13 years exp. (4 salaries)	₹17 L/yr - ₹25 L/yr
Login to view exact salary
Finance & Accounting Credit Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹24 L/yr - ₹30 L/yr

Last Updated: 5 Jan 2025

Companies similar to State Bank of India for Credit Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14 L/yr 59% less
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.1k salaries)	₹4.2 L/yr - ₹15 L/yr 52% less	1 job opening
Login to view exact salary
Axis Bank Credit Manager Salary 0 - 12 years exp. (822 salaries)	₹4 L/yr - ₹14.5 L/yr 58% less
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹4 L/yr - ₹14.5 L/yr 57% less
Yes Bank Credit Manager Salary 0 - 10 years exp. (434 salaries)	₹4 L/yr - ₹14 L/yr 58% less
IndusInd Bank Credit Manager Salary 3 - 12 years exp. (216 salaries)	₹3.5 L/yr - ₹13 L/yr 63% less	6 job openings
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (678 salaries)	₹3 L/yr - ₹13.5 L/yr 63% less
Federal Bank Credit Manager Salary 2 - 12 years exp. (89 salaries)	₹9 L/yr - ₹20 L/yr 25% less
Punjab National Bank Credit Manager Salary 4 - 9 years exp. (45 salaries)	₹6.8 L/yr - ₹20 L/yr 24% less
Bank of Baroda Credit Manager Salary 4 - 13 years exp. (170 salaries)	₹8 L/yr - ₹22.8 L/yr 19% less
AU Small Finance Bank Credit Manager Salary 0 - 10 years exp. (511 salaries)	₹2.4 L/yr - ₹11 L/yr 71% less	1 job opening
Login to view exact salary
Bandhan Bank Credit Manager Salary 0 - 11 years exp. (438 salaries)	₹2.5 L/yr - ₹10 L/yr 69% less
IDBI Bank Credit Manager Salary 2 - 17 years exp. (110 salaries)	₹8 L/yr - ₹27 L/yr 8% less
Bank of India Credit Manager Salary 5 - 11 years exp. (92 salaries)	₹7 L/yr - ₹21 L/yr 34% less
Standard Chartered Credit Manager Salary 4 - 12 years exp. (58 salaries)	₹7.1 L/yr - ₹22 L/yr 35% less
Union Bank of India Credit Manager Salary 6 - 11 years exp. (40 salaries)	₹6.6 L/yr - ₹20 L/yr 25% less
Indian Bank Credit Manager Salary 0 - 9 years exp. (40 salaries)	₹9 L/yr - ₹17 L/yr 40% less
Canara Bank Credit Manager Salary 6 - 12 years exp. (34 salaries)	₹11.1 L/yr - ₹25 L/yr 13% less
Shinhan Bank Credit Manager Salary 3 - 12 years exp. (24 salaries)	₹6 L/yr - ₹15 L/yr 52% less
Indian Overseas Bank Credit Manager Salary 6 - 12 years exp. (19 salaries)	₹11 L/yr - ₹17 L/yr 26% less

View all

Credit Manager salary at State Bank of India ranges between ₹10 Lakhs to ₹32 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 43 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Credit Manager salaries

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹14 L/yr - ₹36 L/yr
6 years (AmbitionBox Estimate)	₹13 L/yr - ₹36.3 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹13 L/yr - ₹36.6 L/yr
8 years (8 salaries)	₹13 L/yr - ₹23 L/yr
9 years (3 salaries)	₹10 L/yr - ₹29.9 L/yr
10 years (6 salaries)	₹10 L/yr - ₹32 L/yr
11 years (4 salaries)	₹18 L/yr - ₹24 L/yr
12 years (6 salaries)	₹12 L/yr - ₹38.3 L/yr
13 years (8 salaries)	₹12 L/yr - ₹29 L/yr
14 years (AmbitionBox Estimate)	₹15 L/yr - ₹27 L/yr

View all

Similar Designation salaries in State Bank of India

Credit Officer Salary

(38 salaries)

₹6 L/yr - ₹17 L/yr

Branch Manager Salary

(291 salaries)

₹7.6 L/yr - ₹30 L/yr

Deputy Manager Salary

(626 salaries)

₹7.2 L/yr - ₹28 L/yr

Chief Manager Salary

(427 salaries)

₹15 L/yr - ₹50 L/yr

Credit Analyst Salary

(104 salaries)

₹7.35 L/yr - ₹30 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹25 L/yr - ₹28 L/yr

Sales Manager Salary

(25 salaries)

₹2.5 L/yr - ₹5.4 L/yr

Branch Credit Manager Salary

(4 salaries)

₹4.23 L/yr - ₹15 L/yr

Deputy Credit Manager Salary

(7 salaries)

₹10 L/yr - ₹16 L/yr

Regional Credit Manager Salary

(AmbitionBox Estimate)

₹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

Deputy Manager in Bokaro

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.

Salary - Bad

+5 more

Deputy Manager in Mumbai

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.

Skill development - Bad

+3 more

Deputy Manager in Mumbai

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.

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.

Company culture - Poor

+1 more

Deputy Manager in New Delhi

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

Work satisfaction - Bad

+2 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

Got a question about State Bank of India?

Ask anonymously on communities.

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 5 years to 14 years. According to our estimates it is 168% more than the average Credit Manager Salary in India. Salary estimates are based on 43 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 168% 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?

IDBI Bank Credit Manager Salary - ₹8.0 Lakhs to ₹27.0 Lakhs per year
Canara Bank Credit Manager Salary - ₹11.1 Lakhs to ₹25.0 Lakhs per year
Deutsche Bank Credit Manager Salary - ₹7.8 Lakhs to ₹27.0 Lakhs per year
Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹22.8 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 ₹1,36,083 per month to ₹1,41,099 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 5 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, 71% of the State Bank of India Credit Managers reported a notice period of 3 Months, 15% 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 Salaries by Location

Home >
Salaries >
State Bank of India Salaries >
State Bank of India Credit Manager Salaries

State Bank of India Credit Manager salary in India ranges between ₹10 Lakhs to ₹32 Lakhs with an average annual salary of ₹. Salary estimates are based on 43 State Bank of India latest salaries received from various employees of State Bank of India.

State Bank of India Credit Manager salaries in India

Companies similar to State Bank of India for Credit Manager

Latest annual salaries shared by State Bank of India Credit Manager

Experience wise State Bank of India Credit Manager salaries

Similar Designation salaries in State Bank of India

Top skills at State Bank of India for Credit Manager

Salary related reviews for State Bank of India

Deputy Manager in Bokaro

Deputy Manager in Mumbai

Deputy Manager in Mumbai

Deputy Manager in New Delhi

Branch Manager in Mumbai

State Bank of India Credit Manager Salary FAQs

Tell us how to improve this page.

State Bank of India Credit Manager Salaries by Location