Hello neha, I was a newbie to MBA colleges, admission etc. And I had to research on my own to find more about my chances in different colleges. I'll tell you frankly because although it might seem bad it's better. 56 percentile below is average or below average. In the sense you will get some colleges, but they won't be good.I suggest to try again. Since you scored 566, it's relatively easier to go above 80 next time easy. MBA might be the last education you take for now. So it's better to invest in a good college. Study for CAT exam, that will help you a fat lot. It's hard but whatever effort you put, will make MAT easier. Its from my own experience.The very best wishes for you. By the way, my apologies if my answer seems very harsh.