Recent report in The Telegraph Kolkata says that:
The board of Indian Institute of Management, Bangalore, today approved a fee hike that will make a student pay Rs 4 lakh in his first year and a lakh more the next.
The hike, which will make the Bangalore institute the most costly IIM to study in, comes within a year of the last hike. On March 26, 2007, the IIM had increased its fees from Rs 1.75 lakh to Rs 2.5 lakh.
The IIMs in Ahmedabad and Calcutta charge Rs 3 lakh a year. The Calcutta institute raised its fees by Rs 1 lakh last month.
