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

13 - 19 years exp.

₹27 Lakhs - ₹40 Lakhs

Avg. annual salary

Monthly In-hand Salary

Chief Manager Credit Salary at Union Bank of India ranges between ₹27 Lakhs to ₹40 Lakhs per year for employees with experience between 13 years to 19 years. Salary estimates are based on 5 latest... Read more

10% more than the average Chief Manager Credit Salary in Banking Companies for 13 - 19 years of experience

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Last Updated: 27 Jun 2025

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

Union Bank of India Chief Manager Credit Salary

13 - 19 years exp. (5 salaries)

₹27 L/yr - ₹40 L/yr

Company name	Avg Annual Salary	Open Jobs
Bank of Baroda Chief Manager Credit Salary 9 - 13 years exp. (12 salaries)	₹23.2 L/yr - ₹37 L/yr 6% more
Punjab National Bank Chief Manager Credit Salary 8 - 15 years exp. (8 salaries)	₹24 L/yr - ₹35.4 L/yr 7% more
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IndusInd Bank Chief Manager Credit Salary 7 - 10 years exp. (3 salaries)	₹9 L/yr - ₹19.4 L/yr 54% less

Union Bank of India Chief Manager Credit salaries by

Years of experience	Avg. annual salary
13 years (AmbitionBox Estimate)	₹27 L/yr - ₹34.1 L/yr
14 years (AmbitionBox Estimate)	₹27.3 L/yr - ₹34.8 L/yr
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15+ years (3 salaries)	₹30 L/yr - ₹40 L/yr

Similar Designation Salaries at Union Bank of India

Similar Designation	Avg. annual salary
Branch Manager Salary (11 salaries)	₹10 L/yr - ₹22.5 L/yr
Senior Manager Credit Salary (9 salaries)	₹11 L/yr - ₹27.5 L/yr
Login to view exact salary
Credit Manager Salary (4 salaries)	₹10 L/yr - ₹19 L/yr
Credit Officer Salary (3 salaries)	₹8.8 L/yr - ₹12.9 L/yr
Bank Manager Salary (3 salaries)	₹8.5 L/yr - ₹13.9 L/yr

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Salary Discussions, Hike & Promotions

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No Salary Discussion in My Appraisal — What’s Your Experience?

In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?

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Salary related reviews for Union Bank of India

4.0

Rated by 2 employees for salary & benefits

Branch Head in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• updated 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 Nariman Point, Mumbai

Full Time

Risk Management & Compliance Department

5.0

• updated on 17 Sep 2023

5.0

for Salary and Benefits

Likes

Like all PEBs salary is good with many other monthly perks like rent, petrol, entertainment etc. Promotion process is regular.

Salary - Excellent

+3 more

Dislikes

Transfers are painfull. On promotion one can be thrown to thousands of km away at places where language is main constraint

Work satisfaction - Bad

+2 more

Branch Manager in Rajahmundry

BFSI, Investments & Trading Department

3.0

• updated 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

• updated 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

Banking Operations in Hyderabad / Secunderabad

Finance & Accounting Department

4.0

• updated on 29 Sep 2020

3.0

for Salary and Benefits

Likes

...rk environment & culture.Teammates were cooperative.Transfer policies were good.Though there was no bonus and the salary hike was as per the predetermined criteria.

Skill development - Good

+4 more

Dislikes

Nothing Was there to dislike except with the perques were not satisfactory.

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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 ₹27.0 Lakhs to ₹40.0 Lakhs per year, depending on experience (from 13 years to 19 years).

The top 10% of Chief Manager Credit in Mumbai at Union Bank of India earn more than ₹40.0 Lakhs per year, and the top 1% earn over ₹40.0 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 ₹1,91,990 to ₹1,99,534 per month. This is based on the average salary range of ₹27.0 Lakhs to ₹40.0 Lakhs per year for employees with experience ranging from 13 years to 19 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	₹24.0 Lakhs to ₹35.4 Lakhs per year
Bank of Baroda	₹23.2 Lakhs to ₹37.0 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 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:

IndusInd Bank

₹9.0 Lakhs to ₹19.4 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
13 years	₹27.0 Lakhs to ₹34.1 Lakhs per year
14 years	₹27.3 Lakhs to ₹34.8 Lakhs per year
15 years	₹30.0 Lakhs to ₹40.0 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 ₹27 Lakhs to ₹40 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.