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IIM-B retains existing fee structure

By Our Staff Reporter

BANGALORE, JUNE 21. The Indian Institute of Management, Bangalore (IIM-B), has decided to retain its existing fee structure of Rs.1.5 lakhs a year, for its two-year postgraduate programme in management for the current academic year.

The IIM-B Society, which overseas its administration, held a meeting at the institute on Monday, and took the decision ``unanimously," S.M. Datta, chairman of Castrol India Limited, also the chairman of the board of governors of IIM-B, told reporters, here on Monday.

The Society also decided to hold the PGP enrolment at the current 225 level while trebling the total amount available as need-based scholarships to students to Rs. 75 lakhs, Mr. Datta said.

The Additional Secretary to the Ministry of Human Resource Development, S. Banerjee, and Karnataka's Chief Secretary, K.K. Misra, are on the institute's board.

Prakash G. Apte, IIM-B's director said the institute did not have to worry about funds, "barring unforeseen events."

So, it was unlikely that IIM-B would get any significant government funding. The Society did not discuss helping the smaller IIMs, Mr. Apte said.

A first draft of the vision document by the IIM-B faculty, for the next five years was also discussed during the meet, Mr. Datta said.

It included offering existing courses overseas and new courses as well, he said.

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