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

Annual salary range
10 - 15 years exp.
₹18 Lakhs - ₹30 Lakhs
Salary of majority employees
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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)
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₹24.3 L/yr - ₹30 L/yr

Risk Management & Compliance
Chief Manager Credit Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹18 L/yr - ₹27.7 L/yr

Finance & Accounting
Chief Manager Credit Salary
13 years exp. (AmbitionBox Estimate)
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₹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

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Union Bank of India Chief Manager Credit Salary

10 - 15 years exp. (5 salaries)

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₹18 L/yr - ₹30 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Bank of Baroda Chief Manager Credit Salary

8 - 14 years exp. (14 salaries)

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₹15 L/yr - ₹37 L/yr

At par
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₹20 L/yr - ₹35.4 L/yr

arrow icon 7% more
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ICICI Bank Chief Manager Credit Salary

5 - 9 years exp. (3 salaries)

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₹17.8 L/yr - ₹19.5 L/yr

arrow icon 33% less
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IDFC FIRST Bank Chief Manager Credit Salary

12 - 14 years exp. (3 salaries)

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₹13 L/yr - ₹14.5 L/yr

arrow icon 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.

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

1mo ago
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15 years exp.
10mo ago
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14 years exp.
1y ago
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13 years exp.

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)

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₹23.4 L/yr - ₹29.9 L/yr
11 years (AmbitionBox Estimate)

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₹23.8 L/yr - ₹30.4 L/yr
12 years (AmbitionBox Estimate)

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₹24.2 L/yr - ₹30.9 L/yr
13 years (AmbitionBox Estimate)

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₹24.6 L/yr - ₹31.5 L/yr
14 years (AmbitionBox Estimate)

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₹25 L/yr - ₹32 L/yr
View all

Similar Designation salaries in Union Bank of India

Branch Manager Salary
(11 salaries)
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₹8 L/yr - ₹22.5 L/yr
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₹11 L/yr - ₹27.5 L/yr
Credit Manager Salary
(4 salaries)
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₹10 L/yr - ₹19 L/yr
Credit Officer Salary
(3 salaries)
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₹8.75 L/yr - ₹10.7 L/yr
Bank Manager Salary
(3 salaries)
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₹8.5 L/yr - ₹12 L/yr

Salary related reviews for Union Bank of India

4.0

Rated by 1 employees for salary & benefits

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

read more
  • Work-life balance - Bad

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.

read more
  • 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 .

read more
  • Work satisfaction - Poor
  • +1 more

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.

read more
  • Salary - Good
  • +6 more

Dislikes

No and never

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.

read more
  • 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

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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.

read more
  • Salary - Poor
  • +5 more
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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 salary in Mumbai ranges between ₹18 Lakhs to ₹30 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Union Bank of India latest salaries received from various employees of Union Bank of India.