hi Sajit,
let me have a post here for the new users of Cite-hr. Online MBA is some what same to distance MBA. But it lets you to work full time and attend online classes. But the quality of the institute should be taken care of, NIBM Global is one quality institute which i know personally .NIBM is one of the leading institute in India to provide quality Online MBA programs.
They provide 1yr executive MBA for professionals,2 yr online MBA also.They have online MBA programs affiliated with Bharathiar university which is
AICTE,UGC,DEC approved.I think NIBM will be a wise option for your online MBA studies.Syllabus of NIBM EMBA meets international standards.
for more details visit their website
NIBM - Online MBA | Distance & Correspondence MBA Degree India | Mumbai & Delhi