Union Bank of India New Delhi Credit Manager Salaries by 9 Employees

6 - 11 years exp.

₹11.2 Lakhs - ₹18 Lakhs

Avg. annual salary

Monthly In-hand Salary

89% more than the average Credit Manager Salary in Banking Companies for 6 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 8 - 11 years exp. (4 salaries)	₹11.2 L/yr - ₹18 L/yr
Finance & Accounting Credit Manager Salary 7 - 9 years exp. (3 salaries)	₹12 L/yr - ₹16 L/yr
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Customer Success, Service & Operations Credit Manager Salary 6 years exp. (AmbitionBox Estimate)	₹12.5 L/yr - ₹16 L/yr

Last Updated: 5 Oct 2024

Companies similar to Union Bank of India for Credit Manager in New Delhi

Union Bank of India Credit Manager Salary

6 - 11 years exp. (9 salaries)

₹11.2 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Credit Manager Salary 0 - 11 years exp. (532 salaries)	₹4.8 L/yr - ₹16 L/yr 31% less
HDFC Bank Credit Manager Salary 0 - 12 years exp. (480 salaries)	₹3.7 L/yr - ₹15.5 L/yr 43% less	13 job openings
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Axis Bank Credit Manager Salary 0 - 11 years exp. (166 salaries)	₹3.6 L/yr - ₹14.5 L/yr 44% less
Kotak Mahindra Bank Credit Manager Salary 0 - 10 years exp. (155 salaries)	₹4.5 L/yr - ₹15.4 L/yr 35% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (115 salaries)	₹3.9 L/yr - ₹13.5 L/yr 43% less
Bandhan Bank Credit Manager Salary 0 - 12 years exp. (36 salaries)	₹2.6 L/yr - ₹9.5 L/yr 58% less
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (23 salaries)	₹4.1 L/yr - ₹15 L/yr 45% less	9 job openings
Barclays Credit Manager Salary 6 - 11 years exp. (22 salaries)	₹8 L/yr - ₹27 L/yr 22% more
Bank of Baroda Credit Manager Salary 4 - 12 years exp. (22 salaries)	₹11.1 L/yr - ₹22 L/yr 20% more
IDBI Bank Credit Manager Salary 6 - 16 years exp. (15 salaries)	₹8.5 L/yr - ₹28 L/yr 37% more

View all

Credit Manager salary at Union Bank of India ranges between ₹11.2 Lakhs to ₹18 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 9 latest salaries received from various employees of Union Bank of India.

Experience wise Union Bank of India Credit Manager salaries in New Delhi

Last Updated: 5 Oct 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹13 L/yr - ₹16.6 L/yr
7 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹17 L/yr
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8 years (AmbitionBox Estimate)	₹13.7 L/yr - ₹17.4 L/yr
9 years (AmbitionBox Estimate)	₹14 L/yr - ₹17.9 L/yr
10 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
11 years (AmbitionBox Estimate)	₹14.7 L/yr - ₹18.7 L/yr

View all

From

Credit Manager

₹

Lakhs/yr

6 - 11 years exp.

Assistant General Manager

₹

Lakhs/yr

16 - 31 years exp.

Credit Manager

6 - 11 years exp.

Senior Manager Credit

7 - 14 years exp.

32% hike

Chief Manager

10 - 17 years exp.

43% hike

From

View 2 more levels

Credit Manager

6 - 11 years exp.

Faculty Member

Salary unavailable

From

View 1 more level

Credit Manager

6 - 11 years exp.

Chief Credit Manager

11 - 11 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Union Bank of India

Chief Manager Salary

(11 salaries)

₹18 L/yr - ₹40 L/yr

Branch Manager Salary

(9 salaries)

₹8 L/yr - ₹22.5 L/yr

Credit Officer Salary

(3 salaries)

₹12 L/yr - ₹15 L/yr

Salary related reviews for Union Bank of India

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

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

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

Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 11 Jun 2024

4.0

for Salary and Benefits

Likes

Working with lots of coworkers. Sufficient salary.

Salary - Good

+1 more

Dislikes

Time taken by the respective department to respond to the field functionary’s concern. No real solutions arrived through discussion. Keeping important things pending.

Skill development - Poor

+2 more

Assistant Manager in Guwahati

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

The Pay is Okay but not at par with other Government jobs. Bank Management and Bank Unions control the Banks Operations. Chaploosis are always favoured by Management and Unions. So becoming a Chaploos is the main skill needed to survive here.

Dislikes

Bank Management pressurizes staff to achieve unrealistic targets. Officers are humiliated in regular Video Conferences. Many Officers have committed suicides in the last FY. Officers can be transferred anywhere in India and Management doesn't care about staffs families.

Work satisfaction - Bad

+2 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 Credit Manager Salary FAQs

What is the salary of Credit Manager at Union Bank of India in New Delhi?

The average salary of a Credit Manager at Union Bank of India in New Delhi typically ranges from ₹11.2 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 6 years to 11 years).

The top 10% of Credit Manager in New Delhi at Union Bank of India earn more than ₹17.2 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Credit Manager 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 9 Union Bank of India employees in India.

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

The estimated take-home salary of a Credit Manager at Union Bank of India in New Delhi typically ranges from ₹1,05,627 to ₹1,08,530 per month. This is based on the average salary range of ₹11.2 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 6 years to 11 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 9 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 Credit Manager in India?

IDBI Bank	₹8.5 Lakhs to ₹28.0 Lakhs per year
Canara Bank	₹12.0 Lakhs to ₹22.0 Lakhs per year
State Bank of India	₹13.0 Lakhs to ₹20.0 Lakhs per year
Barclays	₹8.0 Lakhs to ₹27.0 Lakhs per year
Bank of Baroda	₹11.1 Lakhs to ₹22.0 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 Credit Manager in companies similar to Union Bank of India in New Delhi?

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

Punjab National Bank	₹9.8 Lakhs to ₹22.0 Lakhs per year
Standard Chartered	₹11.6 Lakhs to ₹22.0 Lakhs per year
Indian Overseas Bank	₹11.0 Lakhs to ₹17.0 Lakhs per year
Sberbank Branch in India	₹13.5 Lakhs to ₹14.0 Lakhs per year
NatWest Group	₹11.5 Lakhs to ₹22.6 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 Credit Manager at Union Bank of India in New Delhi?

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

Experience	Average Salary Range
6 years	₹13.0 Lakhs to ₹16.6 Lakhs per year
7 years	₹13.3 Lakhs to ₹17.0 Lakhs per year
8 years	₹13.7 Lakhs to ₹17.4 Lakhs per year
9 years	₹14.0 Lakhs to ₹17.9 Lakhs per year

and so on.

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Union Bank of India Credit Manager Salaries in New Delhi

Union Bank of India Credit Manager salary in New Delhi ranges between ₹11.2 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Union Bank of India latest salaries received from various employees of Union Bank of India.