I have a MBA(Finance: full-time) & work exp of 3 years. Pls suggest Phd opportunities in Finance, preferably without GMAT, no country preferences.

For admission in India you need not take GMAT exam. GMAT is necessary only if you want admission in courses of other countries outside India, like U.S., Canadian, and European business school MBA programs. Also, the GMAT test result can be used for admission to business PhD program, such as Harvard