Dear Student,
The CMAT cutoff for admission to the PGDM course at National Institute of Bank Management (NIBM), Pune was 94 percentile. This year's cutoff is expected to be similar or higher, so you may not be able to gain admission with an 89.25 percentile rank.
Please note that your graduation score does make you eligible to apply for the institute as it requires 50% marks in graduation.
You can check out the list of colleges accepting 80-90 percentile in CMAT to find relevant colleges. Please feel free to write back if you need information about any particular college.
Thank you.