The institute, which has recently shifted from the A N Sinha Institute campus to Hindi Bhawan at Chajjubagh, is busy screening the applications received from the aspirants from different parts of the country. Call letters for group discussion (GD) and interview of the short-listed candidates are likely to be dispatched soon. Candidates securing a minimum score of CAT/GMAT examination would be short-listed for GD and Interview.

Institute director V Mukundadas said 50 per cent of the total 60 seats are reserved for students belonging to Bihar. Besides, 50 per cent seats are reserved for SC, ST and OBC category students. The institute has also plans to provide special training to SC/ST category students and secure easy study loan to poor students.

The recruitment of full-time faculty members is in progress. Two faculty members, namely, Maitreyi Kollegal and Amitabh Desmukh, have been appointed by a recruitment committee consisting of three senior faculty members from IIM . While Kollegal, a doctorate from IIM, Ahmedabad has served Swashakti Project, Drinking Water Mission in Gujarat and Indian Institute of Plantation Management, Bangalore, Desmukh, an MBA from Stockholm University, has served as the chief manager of State Bank.

Both the new faculty members said they have accepted the present assignment as a challenge and would utilise their experiences in building the institute as a centre of excellence. They would not make any compromise with the quality of education and would work for the development of the state.