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

Annual salary range
12 - 14 years exp.
₹12 Lakhs - ₹27 Lakhs
Salary of majority employees
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135% more than the average Credit Manager Salary in Banking Companies for 12 - 14 years of experience

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Last Updated: 1 Mar 2025

Companies similar to State Bank of India for Credit Manager in Mumbai

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State Bank of India Credit Manager Salary

12 - 14 years exp. (6 salaries)

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₹12 L/yr - ₹27 L/yr

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

0 - 12 years exp. (453 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 52% less
3 job openings
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (560 salaries)

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₹4 L/yr - ₹17.4 L/yr

arrow icon 48% less
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Axis Bank Credit Manager Salary

0 - 12 years exp. (148 salaries)

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₹4 L/yr - ₹15.3 L/yr

arrow icon 51% less
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Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (237 salaries)

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₹3.7 L/yr - ₹13 L/yr

arrow icon 57% less
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Yes Bank Credit Manager Salary

0 - 10 years exp. (74 salaries)

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₹4.6 L/yr - ₹14 L/yr

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

2 - 12 years exp. (35 salaries)

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₹3.6 L/yr - ₹11 L/yr

arrow icon 62% less
1 job opening
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (211 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 59% less
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Federal Bank Credit Manager Salary

2 - 12 years exp. (33 salaries)

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₹11 L/yr - ₹20 L/yr

arrow icon 18% less
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Punjab National Bank Credit Manager Salary

4 - 9 years exp. (13 salaries)

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₹10 L/yr - ₹20 L/yr

arrow icon 16% less
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Bank of Baroda Credit Manager Salary

4 - 12 years exp. (26 salaries)

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₹8 L/yr - ₹19 L/yr

arrow icon 10% less
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AU Small Finance Bank Credit Manager Salary

0 - 11 years exp. (36 salaries)

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₹4.1 L/yr - ₹10 L/yr

arrow icon 65% less
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IDBI Bank Credit Manager Salary

2 - 17 years exp. (13 salaries)

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₹12 L/yr - ₹28.9 L/yr

arrow icon 2% more
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Bank of India Credit Manager Salary

5 - 8 years exp. (7 salaries)

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₹9 L/yr - ₹18 L/yr

arrow icon 29% less
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Central Bank of India Credit Manager Salary

2 - 7 years exp. (5 salaries)

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₹11.4 L/yr - ₹16 L/yr

arrow icon 27% less
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Standard Chartered Credit Manager Salary

5 - 12 years exp. (5 salaries)

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₹11 L/yr - ₹15.4 L/yr

arrow icon 29% less
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Canara Bank Credit Manager Salary

7 - 12 years exp. (4 salaries)

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₹13 L/yr - ₹19.4 L/yr

arrow icon 2% less
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Union Bank of India Credit Manager Salary

6 - 11 years exp. (4 salaries)

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₹10 L/yr - ₹19 L/yr

arrow icon 18% less
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Shinhan Bank Credit Manager Salary

6 - 10 years exp. (4 salaries)

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₹8.5 L/yr - ₹12 L/yr

arrow icon 48% less
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Indian Bank Credit Manager Salary

1 - 10 years exp. (4 salaries)

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₹11 L/yr - ₹14 L/yr

arrow icon 34% less
Credit Manager salary at State Bank of India ranges between ₹12 Lakhs to ₹27 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 6 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Credit Manager in Mumbai

1w ago
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14 years exp.
9mo ago
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12 years exp.
10mo ago
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13 years exp.
1y ago
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14 years exp.
1y ago
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12 years exp.

Experience wise State Bank of India Credit Manager salaries in Mumbai

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
12 years  (3 salaries)

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₹12 L/yr - ₹36 L/yr
13 years (AmbitionBox Estimate)

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₹15 L/yr - ₹36.5 L/yr
14 years (AmbitionBox Estimate)

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₹15 L/yr - ₹27 L/yr
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 67% hike

Assistant General Manager

16 - 32 years exp.
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arrow icon -4% hike

From

To

Credit Manager

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3 - 14 years exp.

General Manager, Audit

Salary unavailable

From

To

Credit Manager

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3 - 14 years exp.

New Business Manager

Salary unavailable
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in State Bank of India

Chief Manager Salary
(106 salaries)
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₹15.93 L/yr - ₹60 L/yr
Deputy Manager Salary
(81 salaries)
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₹7.05 L/yr - ₹28 L/yr
Branch Manager Salary
(31 salaries)
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₹12 L/yr - ₹37 L/yr
Credit Analyst Salary
(25 salaries)
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₹8 L/yr - ₹30 L/yr
Credit Officer Salary
(3 salaries)
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₹11.83 L/yr - ₹17 L/yr

Top skills at State Bank of India for Credit Manager

Ca Credit Appraisal ICWA Credit Risk CFA Credit Rating Banking Credit Analysis
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Salary related reviews for State Bank of India

2.0

Rated by 2 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

read more
  • 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
see more salary related reviews

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State Bank of India Credit Manager Salary FAQs

What is the salary of Credit Manager at State Bank of India Mumbai?
Credit Manager salary at State Bank of India in Mumbai ranges between ₹12.0 Lakhs to ₹27.0 Lakhs for experience between 12 years to 14 years. According to our estimates it is 135% more than the average Credit Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of State Bank of India Mumbai.
How does the salary of a Credit Manager at State Bank of India Mumbai compare with the average salary range for this job?
The average salary of a Credit Manager at State Bank of India is 135% more than the average salary of a Credit Manager in Mumbai. 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 Mumbai.
Which similar companies are paying more than State Bank of India to a Credit Manager in Mumbai?
  • IDBI Bank Credit Manager Salary - ₹12.0 Lakhs to ₹28.9 Lakhs per year
What is the salary of a Credit Manager in companies similar to State Bank of India in Mumbai?
  • Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹19.4 Lakhs per year
  • Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹19.0 Lakhs per year
  • Punjab National Bank Credit Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year
  • Federal Bank Credit Manager Salary - ₹11.0 Lakhs to ₹20.0 Lakhs per year
  • Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
What is the estimated take home salary of a Credit Manager at State Bank of India in Mumbai?
The estimated take-home salary of a Credit Manager at State Bank of India ranges between ₹1,26,994 per month to ₹1,31,182 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India Credit Manager salary in India which ranges between ₹12.0 Lakhs to ₹27.0 Lakhs per year for employees with experience between 12 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 in Mumbai?
According to AmbitionBox, 80% of the State Bank of India Credit Managers in Mumbai reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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State Bank of India Credit Manager salary in Mumbai ranges between ₹12 Lakhs to ₹27 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 State Bank of India latest salaries received from various employees of State Bank of India.