the Nainital Bank Credit Manager Salaries by 5 Employees (Updated 2024)

6 - 9 years exp.

₹9 Lakhs - ₹11 Lakhs

Low Confidence

Salary of majority employees

27% more than the average Credit Manager Salary in Financial Services Companies for 6 - 9 years of experience

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Last Updated: 14 Mar 2023

Companies similar to the Nainital Bank for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Karnataka Bank Credit Manager Salary 0 - 11 years exp. (9 salaries)	₹10.5 L/yr - ₹15 L/yr 37% more
Karur Vysya Bank Credit Manager Salary 1 - 12 years exp. (85 salaries)	₹7 L/yr - ₹16 L/yr 11% more
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South Indian Bank Credit Manager Salary 4 - 11 years exp. (30 salaries)	₹9 L/yr - ₹21 L/yr 58% more
Federal Bank Credit Manager Salary 2 - 12 years exp. (91 salaries)	₹9 L/yr - ₹20 L/yr 61% more
City Union Bank Credit Manager Salary 3 - 14 years exp. (14 salaries)	₹8.5 L/yr - ₹15 L/yr 20% more
Dhanlaxmi Bank Credit Manager Salary 11 - 18 years exp. (3 salaries)	₹3.9 L/yr - ₹14.5 L/yr 4% more
CSB Bank Credit Manager Salary 0 - 6 years exp. (37 salaries)	₹4.5 L/yr - ₹12.8 L/yr 18% less
DBS Bank Credit Manager Salary 3 - 13 years exp. (19 salaries)	₹7.2 L/yr - ₹26.3 L/yr 54% more
J&K Bank Credit Manager Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹15 L/yr 33% more
Sammaan Capital Limited Credit Manager Salary 1 - 8 years exp. (91 salaries)	₹3 L/yr - ₹8.4 L/yr 48% less
Reliance Home Finance Credit Manager Salary 1 - 12 years exp. (15 salaries)	₹5.3 L/yr - ₹11.5 L/yr 13% less
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WorkStore Credit Manager Salary 8 - 12 years exp. (3 salaries)	₹5.3 L/yr - ₹6 L/yr 42% less

Credit Manager salary at the Nainital Bank ranges between ₹9 Lakhs to ₹11 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of the Nainital Bank.

Experience wise the Nainital Bank Credit Manager salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹9 L/yr
7 years (AmbitionBox Estimate)	₹9 L/yr - ₹16.6 L/yr
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8 years (AmbitionBox Estimate)	₹9 L/yr - ₹17.9 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹11 L/yr

Similar Designation salaries in the Nainital Bank

Credit Officer Salary

(8 salaries)

₹5.55 L/yr - ₹7.5 L/yr

Branch Manager Salary

(19 salaries)

₹7.5 L/yr - ₹14 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Credit Analyst Salary

(3 salaries)

₹12 L/yr - ₹13.5 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Branch Credit Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Assistant Credit Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Officer Salary

(AmbitionBox Estimate)

₹7.3 L/yr - ₹9.3 L/yr

Associate Vice President Salary

(3 salaries)

₹17 L/yr - ₹33.3 L/yr

Salary related reviews for the Nainital Bank

2.0

Rated by 1 employees for salary & benefits

Officer in Noida

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 06 Jul 2023

3.0

for Salary and Benefits

Likes

...e bank. Bank is running very well and its presence is in just 5 northern states. salary structure is as per IBA norms.

Dislikes

Too much pressure on staff .. no job security.. everyday a new threat from management.. undhe pressure of work without sufficient staff and infrastructure. No-one is there to listen you but many superior are there to harras you

Associate Vice President in Haldwani

Strategic & Top Management Department

4.0

• posted on 17 Feb 2019

3.0

for Salary and Benefits

Likes

...d not able to compete with other banks due to non upgradation of technology .Salary is based on IBA agreement, no such pressure of work. Learning opportunity is limited. No such travels . BOB is holding 99 % shares and Chairman and COO are on deputation which hampers working, change of frequent policies.

Dislikes

Chairman and COO are from BOB and governed by service conditions of BOB ,hence not accountable for working in Nainital Bank . Bank was established in 1922 and total business is app 10000 crore. It is implications of deputation.

Assistant Manager in Dehradun

Research & Development Department

4.0

• posted on 14 Apr 2018

4.0

for Salary and Benefits

Likes

...AND,HARYANA.HIMANCHAL PRADESH,JAIPUR) Job security is satisfactory as it's a 98.60% subsidiary of Bank of Baroda and one will be getting a handsome salary. Moreover, in the coming years of 2019-2020 there would be ample of opportunity for in respect of promotions because dozens of employees is at the verge of retirement currently. In addition, you will be getting some credit /operational trainings time to time.

Dislikes

Every organization has some pros and cons, so why not Nainital Bank? No doubt, one will definitely feel the pressure of public and If you are a Branch Manager, there will be more pressure of meeting the quarterly targets of deposits and advances. Moreover, you will be responsibile for generating leads for third party products.

Branch Manager in Nainital

BFSI, Investments & Trading Department

3.0

• posted on 31 May 2022

3.0

for Salary and Benefits

Likes

Job security is Good but there is no career growth , you may struggle 10 years to get a single promotion. No fastrack promotion. Nothing.

Dislikes

No Fastrack Promotions , No favourable postings . No career growth . No appreciation for good Work.

Associate Vice President in Nainital

Other Department

5.0

• posted on 11 Aug 2021

5.0

for Salary and Benefits

Likes

Since bank is an associate of Bank of Baroda, it has mixed work culture of the both bank. Relations between management, superiors, peers and subordinates are excellent. Salaries are same as in nationalised bank.

Dislikes

Small bank but a beautiful bank. Bank is expanding very fast and the prospect of carrer growth is good

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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the Nainital Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at the Nainital Bank?

Credit Manager salary at the Nainital Bank in India ranges between ₹9.0 Lakhs to ₹11.0 Lakhs for experience between 6 years to 9 years. According to our estimates it is 27% more than the average Credit Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of the Nainital Bank India.

How does the salary of a Credit Manager at the Nainital Bank India compare with the average salary range for this job?

The average salary of a Credit Manager at the Nainital Bank is 27% more than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than the Nainital Bank to a Credit Manager in India?

Federal Bank Credit Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
South Indian Bank Credit Manager Salary - ₹9.0 Lakhs to ₹21.0 Lakhs per year
DBS Bank Credit Manager Salary - ₹7.2 Lakhs to ₹26.3 Lakhs per year
Karnataka Bank Credit Manager Salary - ₹10.5 Lakhs to ₹15.0 Lakhs per year
J&K Bank Credit Manager Salary - ₹12.0 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to the Nainital Bank in India?

City Union Bank Credit Manager Salary - ₹8.5 Lakhs to ₹15.0 Lakhs per year
Karur Vysya Bank Credit Manager Salary - ₹7.0 Lakhs to ₹16.0 Lakhs per year
Dhanlaxmi Bank Credit Manager Salary - ₹3.9 Lakhs to ₹14.5 Lakhs per year
Reliance Home Finance Credit Manager Salary - ₹5.3 Lakhs to ₹11.5 Lakhs per year
CSB Bank Credit Manager Salary - ₹4.5 Lakhs to ₹12.8 Lakhs per year

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

The estimated take-home salary of a Credit Manager at the Nainital Bank ranges between ₹70,242 per month to ₹72,049 per month in India. The take-home salary calculation is based on the average the Nainital Bank Credit Manager salary in India which ranges between ₹9.0 Lakhs to ₹11.0 Lakhs per year for employees with experience between 6 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at the Nainital Bank?

According to AmbitionBox, 50% of the the Nainital Bank Credit Managers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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the Nainital Bank Credit Manager Salaries

the Nainital Bank Credit Manager salary in India ranges between ₹9 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 the Nainital Bank latest salaries received from various employees of the Nainital Bank.