Hello Piyush, Yes you can take admission in PUMBA (Pune university)... they demand 95 percentile cutoff in CMAT... as you scored 97 percentile, that makes you all eligible for PUMBA...

All the best

Yes, With this score you have decent chance to get admission in PUMBA University. If you want to check your other chances then you can use CMAT Pathfinder Tool given below.

CMAT Pathfinder Tool

 You can also check CMAT Cutoff with the given below link.

CMAT Cutoff

Good Luck!