State Bank of India Mumbai Credit Manager Salaries by 6 Employees (Updated 2025)

12 - 14 years exp.

₹12 Lakhs - ₹27 Lakhs

Salary of majority employees

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

State Bank of India Credit Manager Salary

12 - 14 years exp. (6 salaries)

₹12 L/yr - ₹27 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (450 salaries)	₹4 L/yr - ₹15 L/yr 54% less	5 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (561 salaries)	₹4 L/yr - ₹16.5 L/yr 48% less
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Axis Bank Credit Manager Salary 0 - 12 years exp. (145 salaries)	₹4 L/yr - ₹15.3 L/yr 53% less
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (240 salaries)	₹3.6 L/yr - ₹13 L/yr 53% less
Yes Bank Credit Manager Salary 0 - 9 years exp. (75 salaries)	₹4.6 L/yr - ₹14 L/yr 55% less	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (35 salaries)	₹3.6 L/yr - ₹11 L/yr 60% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (213 salaries)	₹3 L/yr - ₹13 L/yr 59% less	1 job opening
Federal Bank Credit Manager Salary 2 - 12 years exp. (33 salaries)	₹11 L/yr - ₹20 L/yr 18% less
Punjab National Bank Credit Manager Salary 4 - 9 years exp. (14 salaries)	₹10 L/yr - ₹20 L/yr 15% less
Bank of Baroda Credit Manager Salary 4 - 12 years exp. (26 salaries)	₹8 L/yr - ₹19 L/yr 10% less
AU Small Finance Bank Credit Manager Salary 0 - 11 years exp. (36 salaries)	₹4.1 L/yr - ₹9.4 L/yr 69% less
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IDBI Bank Credit Manager Salary 2 - 17 years exp. (13 salaries)	₹12 L/yr - ₹28.9 L/yr 2% more
Bank of India Credit Manager Salary 5 - 9 years exp. (7 salaries)	₹9 L/yr - ₹18 L/yr 29% less
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹11.4 L/yr - ₹16 L/yr 27% less
Standard Chartered Credit Manager Salary 5 - 12 years exp. (5 salaries)	₹11 L/yr - ₹15.4 L/yr 29% less
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	₹13 L/yr - ₹19.3 L/yr 3% less
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹10 L/yr - ₹19 L/yr 19% less
Shinhan Bank Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹8.5 L/yr - ₹12 L/yr 48% less
Indian Bank Credit Manager Salary 1 - 10 years exp. (4 salaries)	₹11 L/yr - ₹14 L/yr 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.

Experience wise State Bank of India Credit Manager salaries in Mumbai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
12 years (3 salaries)	₹12 L/yr - ₹36 L/yr
13 years (AmbitionBox Estimate)	₹15 L/yr - ₹36.5 L/yr
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14 years (AmbitionBox Estimate)	₹15 L/yr - ₹27 L/yr

From

Credit Manager

₹

Lakhs/yr

3 - 14 years exp.

Regional Manager

₹

Lakhs/yr

12 - 26 years exp.

Credit Manager 3 - 14 years exp.

Chief Manager 11 - 22 years exp.

68% hike

Assistant General Manager 16 - 32 years exp.

-6% hike

From

3 more levels

Credit Manager

3 - 14 years exp.

New Business Manager

Salary unavailable

View 1 more career path

Similar Designation salaries in State Bank of India

Chief Manager Salary

(109 salaries)

₹15.98 L/yr - ₹58.64 L/yr

Deputy Manager Salary

(83 salaries)

₹7.06 L/yr - ₹28 L/yr

Branch Manager Salary

(30 salaries)

₹12 L/yr - ₹28 L/yr

Credit Analyst Salary

(25 salaries)

₹8 L/yr - ₹30 L/yr

Credit Officer Salary

(3 salaries)

₹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

Salary related reviews for State Bank of India

2.0

Rated by 2 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

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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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 ₹19.3 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 Salaries in Mumbai

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