Union Bank of India Mumbai Chief Manager Credit Salaries by 5 Employees (Updated 2025)

10 - 15 years exp.

₹18 Lakhs - ₹30 Lakhs

Avg. annual salary

Monthly In-hand Salary

19% more than the average Chief Manager Credit Salary in Banking Companies for 10 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Credit Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹24.3 L/yr - ₹30 L/yr
Risk Management & Compliance Chief Manager Credit Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹27.7 L/yr
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Finance & Accounting Chief Manager Credit Salary 13 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹31.1 L/yr

Last Updated: 5 Feb 2025

Companies similar to Union Bank of India for Chief Manager Credit in Mumbai

Union Bank of India Chief Manager Credit Salary

10 - 15 years exp. (5 salaries)

₹18 L/yr - ₹30 L/yr

Company name	Avg Annual Salary	Open Jobs
Bank of Baroda Chief Manager Credit Salary 8 - 14 years exp. (14 salaries)	₹15 L/yr - ₹37 L/yr At par
Punjab National Bank Chief Manager Credit Salary 8 - 14 years exp. (7 salaries)	₹20 L/yr - ₹35.4 L/yr 7% more
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ICICI Bank Chief Manager Credit Salary 5 - 9 years exp. (3 salaries)	₹17.8 L/yr - ₹19.5 L/yr 33% less
IDFC FIRST Bank Chief Manager Credit Salary 12 - 14 years exp. (3 salaries)	₹13 L/yr - ₹14.5 L/yr 50% less

Chief Manager Credit salary at Union Bank of India ranges between ₹18 Lakhs to ₹30 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of Union Bank of India.

Experience wise Union Bank of India Chief Manager Credit salaries in Mumbai

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹23.4 L/yr - ₹29.9 L/yr
11 years (AmbitionBox Estimate)	₹23.8 L/yr - ₹30.4 L/yr
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12 years (AmbitionBox Estimate)	₹24.2 L/yr - ₹30.9 L/yr
13 years (AmbitionBox Estimate)	₹24.6 L/yr - ₹31.5 L/yr
14 years (AmbitionBox Estimate)	₹25 L/yr - ₹32 L/yr
15+ years (AmbitionBox Estimate)	₹26.4 L/yr - ₹33.8 L/yr

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Similar Designation salaries in Union Bank of India

Branch Manager Salary

(11 salaries)

₹8 L/yr - ₹22.5 L/yr

Senior Manager Credit Salary

(10 salaries)

₹11 L/yr - ₹27.5 L/yr

Credit Manager Salary

(4 salaries)

₹10 L/yr - ₹19 L/yr

Credit Officer Salary

(3 salaries)

₹8.75 L/yr - ₹10.7 L/yr

Bank Manager Salary

(3 salaries)

₹8.5 L/yr - ₹12 L/yr

Salary related reviews for Union Bank of India

4.0

Rated by 1 employees for salary & benefits

Branch Head in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 07 May 2023

5.0

for Salary and Benefits

Likes

Since it is a government bank, job security and salary is very handful.

Salary - Excellent

+3 more

Dislikes

Work life balance is very as they will not give you home posting it nearby posting and when you will away higher authority will force you unilaterally without listening anything

Work-life balance - Bad

Branch Manager in Rajahmundry

BFSI, Investments & Trading Department

3.0

• posted on 07 Jan 2019

3.0

for Salary and Benefits

Likes

The company allows you fast new challenges every time and you need to completely learn accordingly. We will have good respect in the society.

Job security - Excellent

+1 more

Dislikes

Growth is fast but the pressure increase multiple times and salary wil be increased very slow. Most of the things are to be managed by one person only and no one will be supporting them . Though few are experienced and highly skilled ,they won't have time to train subordinates .

Work satisfaction - Poor

+1 more

Senior Branch Manager

BFSI, Investments & Trading Department

4.0

• posted on 08 Apr 2018

4.0

for Salary and Benefits

Likes

...t merit counts. The promotion avenues are good and work culture is satisfactory. The salary structure is as available in Banking Industry.

Salary - Good

+6 more

Dislikes

No and never

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Jan 2025

3.0

for Salary and Benefits

Likes

...ork at various departments and locations. Good staff training facility is there. Salary is good.

Skill development - Good

+3 more

Dislikes

Promotions are limited and salary is not as per Market. Beyond few years we can't stay in one zone which hampers education of kids

Assistant Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• posted on 14 Nov 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...or each others, no work life balance, very old system, very old infra structure. Salary is less compared to corporate, manager and others will behave like there the owners of the bank.

Salary - Poor

+5 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Union Bank of India Chief Manager Credit Salary FAQs

What is the salary of Chief Manager Credit at Union Bank of India in Mumbai?

The average salary of a Chief Manager Credit at Union Bank of India in Mumbai typically ranges from ₹18.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Chief Manager Credit in Mumbai at Union Bank of India earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Chief Manager Credit Salaries at Union 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 Union Bank of India employees in India.

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

The estimated take-home salary of a Chief Manager Credit at Union Bank of India in Mumbai typically ranges from ₹1,75,744 to ₹1,82,554 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 10 years to 15 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 Union Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Union Bank of India for Chief Manager Credit in India?

Punjab National Bank

₹20.0 Lakhs to ₹35.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Union Bank of India, depending on the role and experience level.

What is the salary of a Chief Manager Credit in companies similar to Union Bank of India in Mumbai?

The salary of a Chief Manager Credit at companies similar to Union Bank of India in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of Baroda	₹15.0 Lakhs to ₹37.0 Lakhs per year
ICICI Bank	₹17.8 Lakhs to ₹19.5 Lakhs per year
IDFC FIRST Bank	₹13.0 Lakhs to ₹14.5 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 Chief Manager Credit at Union Bank of India in Mumbai?

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

Experience	Average Salary Range
10 years	₹23.4 Lakhs to ₹29.9 Lakhs per year
11 years	₹23.8 Lakhs to ₹30.4 Lakhs per year
12 years	₹24.2 Lakhs to ₹30.9 Lakhs per year
13 years	₹24.6 Lakhs to ₹31.5 Lakhs per year

and so on.

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Union Bank of India Chief Manager Credit Salaries in Mumbai

Union Bank of India Chief Manager Credit salary in Mumbai ranges between ₹18 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Union Bank of India latest salaries received from various employees of Union Bank of India.