The Indian Institute of Management-Bangalore has increased the fee for its Post-Graduate Programme in Management from Rs13 Lakh to Rs15 lakh for two years. The increased fee structure will take effect from the 2012-14 batch. This includes tution, library and internet fees, case permission royalty, besides the cost of course material, hostel room, service charge, medical insurance, and personal accident insurance. This brings IIM-B's fee close to that of IIM-A , which increased its fee to Rs15.5 lakh for the coming batch from the existing Rs14.45 lakh