Deputy General Manager of Syndicate Bank K U Shanbag inaugurated Ankur 2007, a management feat conducted by ICFAI National College in Mangalore to welcome the freshers. Mr Shanbag said that MBA is becoming popular around the world because all round knowledge and updated skills are imperative to succeed in today’s competitive business space. Several competitions were held on the occasion, which was a curtain raiser to the commencement of the new MBA batch. In the closing ceremony held in the evening, prizes were distributed by Principal of ABSM College in Deralakatte Dr B Rajendra Prasad. In his address he said that more autonomy to higher educational institutions can give a lot of scope for innovations and facilitates abrupt adaptation to the changes. Principal Prof K Narayan presided.