Which place is better for MBA between Hyderabad and Bangalore?

Both are equally good. What matters more is where you reside and the location of your dream B-school. Anyway, there isn't a huge difference between the two cities in terms of good B-schools but in my opinion, choose Bangalore if possible.

It depends in which college you want to take admission in Hyderabad and Bangalore.

Bangalore is better than Hyderabad.