Varthana Chennai Cluster Credit Manager Salaries by 5 Employees

10 - 14 years exp.

₹8 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

6% less than the average Cluster Credit Manager Salary in NBFC Companies for 10 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Credit Manager Salary 10 - 14 years exp. (3 salaries)	₹10.5 L/yr - ₹11.1 L/yr
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Finance & Accounting Cluster Credit Manager Salary 12 years exp. (AmbitionBox Estimate)	₹9.2 L/yr - ₹9.4 L/yr

Last Updated: 24 Nov 2023

Companies similar to Varthana for Cluster Credit Manager in Chennai

Varthana Cluster Credit Manager Salary

10 - 14 years exp. (5 salaries)

₹8 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Hinduja Housing Finance Cluster Credit Manager Salary 1 - 8 years exp. (15 salaries)	₹3.5 L/yr - ₹7.7 L/yr 43% less	3 job openings
IDFC FIRST Bharat Cluster Credit Manager Salary 6 - 15 years exp. (12 salaries)	₹5.8 L/yr - ₹10.7 L/yr 3% more
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Equitas Small Finance Bank Cluster Credit Manager Salary 7 - 13 years exp. (5 salaries)	₹4.1 L/yr - ₹7.7 L/yr 29% less
Piramal Capital Housing Finance Cluster Credit Manager Salary 9 - 17 years exp. (5 salaries)	₹11.4 L/yr - ₹18.8 L/yr 53% more
SMFG India Credit Cluster Credit Manager Salary 8 - 13 years exp. (4 salaries)	₹7.2 L/yr - ₹15 L/yr 23% more

Cluster Credit Manager salary at Varthana ranges between ₹8 Lakhs to ₹10.5 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of Varthana.

Experience wise Varthana Cluster Credit Manager salaries in Chennai

Last Updated: 24 Nov 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
11 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
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12 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.8 L/yr
13 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
14 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr

Similar Designation salaries in Varthana

Relationship Manager Salary

(3 salaries)

₹3 L/yr - ₹4.24 L/yr

Top skills at Varthana for Cluster Credit Manager

Portfolio Management Credit Analysis Credit Risk Credit Credit Underwriting Operational Risk Market Risk Retail Banking Credit Policy Credit Assessment Finance Credit Appraisal Credit Management Credit Rating Recruitment

Salary related reviews for Varthana

5.0

Rated by 1 employees for salary & benefits

Cluster Credit Manager in Lucknow

Full Time

Risk Management & Compliance Department

2.0

• posted on 14 Jul 2023

5.0

for Salary and Benefits

Likes

Salary got on time, Training on regular basis.

Salary - Excellent

+1 more

Dislikes

No policy and process. No timing, Employee should work alone and handle all kind of work. No work life balance. Working on weekends even an holidays also.

Work-life balance - Poor

Relationship Manager in New Delhi

Full Time

Sales Department

4.0

• posted on 01 Dec 2022

4.0

for Salary and Benefits

Likes

Flexible working hour, salary and reimbursement release on time

Salary - Good

+1 more

Dislikes

Politics between staff and senior manager new joiner can't stable on account of them , senior staff behaviour also not good to new joiner

Skill development - Poor

+1 more

Relationship Manager in Vijayawada

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 09 Apr 2022

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisal are fair and they give good salary hike and promotions bonus every year.

Salary - Excellent

+6 more

Dislikes

Relationship Manager in Jalndhar

Finance Department

5.0

• posted on 01 Apr 2021

5.0

for Salary and Benefits

Likes

...ronment and culture, Teammates are supportive and the management is transparent. Company polices are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Nothing for that column

Relationship Manager in Thane Mumbai

Full Time

Finance Department

5.0

• posted on 28 Mar 2021

3.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Skill development - Excellent

+4 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees

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What people are saying about Varthana

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Varthana Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at Varthana in Chennai?

The average salary of a Cluster Credit Manager at Varthana in Chennai typically ranges from ₹8.0 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 10 years to 14 years).

The top 10% of Cluster Credit Manager in Chennai at Varthana earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Cluster Credit Manager Salaries at Varthana 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 Varthana employees in India.

What is the estimated take home salary of a Cluster Credit Manager at Varthana in Chennai?

The estimated take-home salary of a Cluster Credit Manager at Varthana in Chennai typically ranges from ₹68,035 to ₹69,779 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 10 years to 14 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 Varthana. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Cluster Credit Manager at Varthana in Chennai?

To be a Cluster Credit Manager at Varthana in Chennai, the key skills required include:

- Portfolio Management
- Credit Analysis
- Credit Risk
- Credit
- Credit Underwriting

These skills are highly valued at Varthana and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Varthana for Cluster Credit Manager in India?

Piramal Capital Housing Finance	₹11.4 Lakhs to ₹18.8 Lakhs per year
SMFG India Credit	₹7.2 Lakhs to ₹15.0 Lakhs per year
IDFC FIRST Bharat	₹5.8 Lakhs to ₹10.7 Lakhs per year

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

What is the salary of a Cluster Credit Manager in companies similar to Varthana in Chennai?

The salary of a Cluster Credit Manager at companies similar to Varthana in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Equitas Small Finance Bank	₹4.1 Lakhs to ₹7.7 Lakhs per year
Hinduja Housing Finance	₹3.5 Lakhs to ₹7.7 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 Cluster Credit Manager at Varthana in Chennai?

The salary growth for a Cluster Credit Manager at Varthana in Chennai depends on factors such as experience, performance, and promotions. On average, a Cluster Credit Manager in Chennai can expect the following growth trajectory at Varthana:

Experience	Average Salary Range
10 years	₹8.4 Lakhs to ₹10.7 Lakhs per year
11 years	₹8.4 Lakhs to ₹10.8 Lakhs per year
12 years	₹8.5 Lakhs to ₹10.8 Lakhs per year
13 years	₹8.5 Lakhs to ₹10.9 Lakhs per year

and so on.

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Varthana Cluster Credit Manager Salaries in Chennai

Varthana Cluster Credit Manager salary in Chennai ranges between ₹8 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Varthana latest salaries received from various employees of Varthana.