State Bank of India Senior Manager Credit Salaries by 5 Employees

8 - 13 years exp.

₹14 Lakhs - ₹23 Lakhs

Low Confidence

Salary of majority employees

22% more than the average Senior Manager Credit Salary in Banking Companies for 8 - 13 years of experience

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Salaries in different departments

Teaching & Training Senior Manager Credit Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹12.6 L/yr - ₹15.4 L/yr
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BFSI, Investments & Trading Senior Manager Credit Salary 8 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹19.8 L/yr

Last Updated: 5 Oct 2023

Companies similar to State Bank of India for Senior Manager Credit

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Senior Manager Credit Salary 2 - 12 years exp. (389 salaries)	₹7 L/yr - ₹16 L/yr 25% less
HDFC Bank Senior Manager Credit Salary 4 - 12 years exp. (325 salaries)	₹7 L/yr - ₹22.5 L/yr 14% less	1 job opening
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Yes Bank Senior Manager Credit Salary 4 - 13 years exp. (186 salaries)	₹7.8 L/yr - ₹17 L/yr 23% less
ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (165 salaries)	₹7 L/yr - ₹22.8 L/yr 12% less
Axis Bank Senior Manager Credit Salary 5 - 14 years exp. (121 salaries)	₹7 L/yr - ₹22.9 L/yr 10% less
IDFC FIRST Bank Senior Manager Credit Salary 2 - 12 years exp. (81 salaries)	₹6.3 L/yr - ₹16 L/yr 34% less
Punjab National Bank Senior Manager Credit Salary 5 - 11 years exp. (64 salaries)	₹10.4 L/yr - ₹32 L/yr 41% more
AU Small Finance Bank Senior Manager Credit Salary 3 - 12 years exp. (61 salaries)	₹4.7 L/yr - ₹15.5 L/yr 42% less
Union Bank of India Senior Manager Credit Salary 7 - 14 years exp. (48 salaries)	₹11 L/yr - ₹28.5 L/yr 20% more
Bank of Baroda Senior Manager Credit Salary 8 - 13 years exp. (47 salaries)	₹12 L/yr - ₹28 L/yr 25% more
Bank of India Senior Manager Credit Salary 8 - 12 years exp. (28 salaries)	₹11 L/yr - ₹25 L/yr 10% more
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Canara Bank Senior Manager Credit Salary 6 - 13 years exp. (27 salaries)	₹16 L/yr - ₹35 L/yr 39% more
Standard Chartered Senior Manager Credit Salary 4 - 12 years exp. (21 salaries)	₹10.4 L/yr - ₹33.4 L/yr 32% more
IndusInd Bank Senior Manager Credit Salary 3 - 12 years exp. (20 salaries)	₹8 L/yr - ₹23.5 L/yr 20% less
Indian Bank Senior Manager Credit Salary 5 - 13 years exp. (19 salaries)	₹14.2 L/yr - ₹21.5 L/yr 9% more
Bandhan Bank Senior Manager Credit Salary 5 - 9 years exp. (15 salaries)	₹8.8 L/yr - ₹20.9 L/yr 10% less
Central Bank of India Senior Manager Credit Salary 10 - 15 years exp. (6 salaries)	₹14.5 L/yr - ₹22 L/yr 9% more
IDBI Bank Senior Manager Credit Salary 6 - 12 years exp. (5 salaries)	₹14 L/yr - ₹18 L/yr 3% less
Indian Overseas Bank Senior Manager Credit Salary 10 - 12 years exp. (5 salaries)	₹17 L/yr - ₹21 L/yr 13% more
Allahabad Bank Senior Manager Credit Salary 7 - 9 years exp. (4 salaries)	₹15.3 L/yr - ₹16.5 L/yr 6% less

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Senior Manager Credit salary at State Bank of India ranges between ₹14 Lakhs to ₹23 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Senior Manager Credit salaries

Last Updated: 5 Oct 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹18 L/yr
9 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
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10 years (AmbitionBox Estimate)	₹15 L/yr - ₹19.1 L/yr
11 years (AmbitionBox Estimate)	₹14 L/yr - ₹30.2 L/yr
12 years (AmbitionBox Estimate)	₹14 L/yr - ₹30.4 L/yr
13 years (AmbitionBox Estimate)	₹15.1 L/yr - ₹23 L/yr

View all

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Salary related reviews for State Bank of India

Deputy Manager in Chennai

Full Time

Finance & Accounting Department

4.0

• posted on 20 Mar 2025

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for Salary and Benefits

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...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

Salary - Good

+4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

Work-life balance - Bad

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1.0

• posted on 19 Jan 2025

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Fixed salary

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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

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2.0

• posted on 15 Nov 2024

4.0

for Salary and Benefits

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

Salary - Good

+1 more

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...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

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• posted on 18 Sep 2024

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• posted on 28 Jul 2024

3.0

for Salary and Benefits

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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State Bank of India Senior Manager Credit Salary FAQs

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

The average salary of a Senior Manager Credit at State Bank of India in India typically ranges from ₹14.0 Lakhs to ₹23.0 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of Senior Manager Credit at State Bank of India earn more than ₹23.0 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. Senior 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 5 State Bank of India employees in India.

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

The estimated take-home salary of a Senior Manager Credit at State Bank of India in India typically ranges from ₹1,13,401 to ₹1,16,555 per month. This is based on the average salary range of ₹14.0 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from 8 years to 13 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 5 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 Senior Manager Credit in India?

Sberbank Branch in India	₹22.5 Lakhs to ₹40.0 Lakhs per year
Punjab National Bank	₹10.4 Lakhs to ₹32.0 Lakhs per year
Canara Bank	₹16.0 Lakhs to ₹35.0 Lakhs per year
Standard Chartered	₹10.4 Lakhs to ₹33.4 Lakhs per year
Bank of Baroda	₹12.0 Lakhs to ₹28.0 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 Senior Manager Credit in companies similar to State Bank of India in India?

The salary of a Senior 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	₹11.0 Lakhs to ₹28.5 Lakhs per year
Indian Overseas Bank	₹17.0 Lakhs to ₹21.0 Lakhs per year
Deutsche Bank	₹16.9 Lakhs to ₹21.6 Lakhs per year
Bank of India	₹11.0 Lakhs to ₹25.0 Lakhs per year
Indian Bank	₹14.2 Lakhs to ₹21.5 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 Senior Manager Credit at State Bank of India in India?

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

Experience	Average Salary Range
8 years	₹6.5 Lakhs to ₹18.0 Lakhs per year
9 years	₹14.8 Lakhs to ₹18.9 Lakhs per year
10 years	₹15.0 Lakhs to ₹19.1 Lakhs per year
11 years	₹14.0 Lakhs to ₹30.2 Lakhs per year

and so on.

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State Bank of India Senior Manager Credit Salaries

State Bank of India Senior Manager Credit salary in India ranges between ₹14 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 State Bank of India latest salaries received from various employees of State Bank of India.