"In principle, it has been decided to hike the fee to Rs three lakh for both first and second year for the batch joining in June 2008," IIM-K Director, Prof Krishna Kumar told PTI.
While the institute, was at present charging Rs 1.90 lakh and Rs 1.95 lakh for the first and second year respectively, fee structure would now be uniform for both, he said.
"The Board of Directors have taken a decision to hike the fee to be in line with the other IIMs in the country," he said.
Recently, IIM- Ahmedabad and IIM-Bangalore had announced a fee-hike.
Asked about the over 100 per cent hike effected by leading business school IIM-Ahmedabad, with different fee for first and second year, he said IIMs had arrived at a decision after reviewing their cost structure.
IIM-A has hiked its fee from Rs 2.5 lakh for both the years to Rs 5.5 lakh for the first year and to Rs 6 lakh to the second year from the coming academic year.