Indian School Of Business is a Private achool that do not offer Diploma or Degree programs but just Certificate Program in Business. Its is not accredited either by UGC or AICTE (RA Equivalent in India). I wonder if AACSB has lowered its standards to accredit Unaccredited Programs and Schools. http://www.isb.edu/pgp/FrequentlyAskedQuestions.Shtml#cre 1) Does AICTE/UGC recognise the ISB’s Post Graduation Programme in Management? The ISB neither offers a diploma nor a degree. It is a certificate programme for students with experience. Therefore, we have not sought recognition for our Post Graduate Programme in Management from either the AICTE or the UGC.