Dear Aspirant,
NMIMS is an institution and the faculty are experts of their field. They have 80 PhDs, 120 faculty members are from IITs and IIMs, 400+ years of teaching experience and 800+ years of industry experience. While ICFAI is an University. Hence you have to look for the particular College as MBA Distance learning program under ICFAI is offered at IBS Hyderabad, Sikkim, Tripura, Dehradun, Meghalaya, Nagaland and many more. So you have to look for the faculty of that particular College from where you want to wish to pursue this course.
For Distance learning program in MBA, ICFAI is more reliable as you get a degree while from NMIMS you will get a diploma.
Hope this helps
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