Which course option is better for banking and finance: PGDM or MBA? What is the difference between both? Can you suggest some good colleges?

My dear friend there is no difference in PGDM and MBA. MBA is offered by those colleges which are associated with some University, whereas, PGDM is offered by autonomous bodies or institutions that are not affiliated to any University. However, there is a lot of scope in PGDM as well.

Pranab sir is right. As MBA Is provided by the institutes which are university affiliated so MBA has good career opportunities.