The ICFAI University, Tripura

ICFAI Distance MBA is too vast and too tough. It is impossible to pass the exam having minimum 50% passing criteria even if you are not working. I had to step back.
Take admission only if you want to study the subjects in too depth and ready face challenge of tough exams.
If you can't then your hard earn money will be on risk.
Study material is good.

I would suggest NIT-Agartala over ICFAI for M.Sc in Maths. Not only this is a government college, but also the course fee is way less than ICFAI.

Yes, you can get a job in private bank if you have the right skillset.

Hi Sumit,
For above information you need to contact the college or any student who is still studying there.

The ICFAI University, Tripura was established in 2004 through an Act of State Legislature (Tripura Act 8 of 2004). The University has been approved by the University Grants Commission, under Section 2(f) of the UGC Act, 1956.
The University provides 100% Placement assistance for the students. You can see the information from http://www.iutripura.edu.in/Placements.html.

IIT - Delhi is the best institution for Ph.D in computer science.
You can check the below mentioned link:
http://www.cse.iitd.ac.in/index.php/2011-12-29-22-45-50/degree-programs/phd-program

NMIMS is a globally recognised brand and highly recommended for distance education for its presence and awareness amongst companies and curriculum designed is industry oriented.

Dear Jagdish,
ICFAI is directly approved by UGC, New Delhi. ICFAI does not seek local approvals. So, if you want to do good MBA in finance, you better come to Delhi, Mumbai or Bangalore area. If not, come to Kolkata area for good Business Schools.
All the best.

It will not be right to quantify which institute is better between the two that you have mentioned, especially because this can be different for different individuals with different requirements. Having said this let me also state that ICFAI is more famous among both students and employers as compared to the other in my point of view.