Prof. Vaneet Bhatia

Prof. (Dr.) Vaneet Bhatia

Assistant Professor and Assistant Dean (Outreach)

BSc (Panjab University); 
MBA (Panjab University); 
FPM (IIM Raipur)

Prof. (Dr.) Vaneet Bhatia is a Fellow of Indian Institute of Management Raipur in the area of Finance and Accounting. Prior to joining the Fellow Programme in Management at IIM Raipur he has worked as probationary officer in Vijaya Bank. He is MBA in Banking & Insurance from Panjab University. His other qualifications include UGC-JRF in Management, SAS Base certification and Junior Associate Indian Institute of Banking (JAIIB). Currently he is pursuing actuarial sciences from Institute of Actuaries of India. He has published research papers in peer reviewed national and international journals. His research and teaching interests include: Financial Markets; Corporate Finance; and Banking.

Research Interests

  • Financial Markets; Corporate Finance; and Banking.


Publication in peer reviewed journals

  • Bhatia, V., Das, D., & Kumar, S. B. (2020). Hedging effectiveness of precious metals across frequencies: Evidence from Wavelet based Dynamic Conditional Correlation analysis. Physica A: Statistical Mechanics and its Applications, 541, 123631.
  • Bhatia, V., Mitra, S. K. (2018). Dynamic Co-movement between Crude oil and Stock Markets: Some International Evidence, Journal of Economic Research, 57-80.

  • Bhatia, V., Basu, S., Mitra, S. K., & Dash, P. (2018). A review of bank efficiency and productivity. OPSEARCH, 1-44

  • Bhatia, V., Das, S., & Mitra, S. K. (2018). Crude Oil Hedging with Precious Metals: A Dcc-Garch Approach. Academy of Accounting and Financial Studies Journal, 22(1), 1-8.
  • Bhatia, V., Das, D., Tiwari, A. K., Shahbaz, M., & Hasim, H. M. (2018). Do precious metal spot prices influence each other? Evidence from a nonparametric causality-in-quantiles approach. Resources Policy, 55, 244-252.
  • Das, D., Bhatia, V., Pillai, J., & Tiwari, A. K. (2018). The relationship between oil prices and US economy revisited. Energy Sources, Part B: Economics, Planning, and Policy, 13(1), 37-45.

  • Mitra, S. K., Bhatia, V., Jana, R. K., Charan, P., & Chattopadhyay, M. (2018). Changing value detrended cross correlation coefficient over time: Between crude oil and crop prices. Physica A: Statistical Mechanics and its Applications.

Working Papers

  • Bhatia, V., Basu, S. Do crude oil demand and supply shocks cause stock markets?


Cases

  • Bhatia V, Mitra SK, Dash P, “Bestoe Footwears: Deciding on a Special Order”, Case Centre, 2015, http://www.thecasecentre.org/educators/products/view?id=129690

Conference paper presentations

  • Bhatia Vaneet, Mitra S K, “Firm Level Determinants of Foreign Investment: A Capital Structure Approach”, Australia and New Zealand International Business Academy, ANZIBA 2017


Panel discussions

  • Are banks too big to fail and how bad isindia’s infrastructure debt crisis?, Global Finance Conclave, September 2019

Financial Mathematics

The purpose of this course is to help participants acquire basic understanding of mathematics in order to function properly as economists or business analysts. Students at pre-university level are usually unused to apply calculus to applied economic problems. Through this course students will acquire some intuition and insight to solve economics or finance problems with applied mathematics. Students will also work on an independent project of two credits during the semester. At the end of the course, students are expected to master basic concepts of mathematics and apply these concepts to solve problems, mainly from business, economics and finance.

 

World Financial Markets, Institutions and Instruments

While topics covered in this course are found in more advanced theoretical courses on financial management and corporate finance, this introductory course aims to give students a broad practical appreciation for the complex financial issues that international companies and investors face today in World Financial Markets. The course begins with the question: why we need financial markets and institutions? While answering this question we also comprehend the broader objectives of financial markets and institutions in a modern economy. The discussion is also extended to contemplate the structure of the financial system. The second part of the course then focuses on the fundamentals of financial markets, which include: importance of interest rates, their role in valuation, reasons for change in interest rates and the impact of risk and term structure on interest rates. The second part of the course ends with the discussion on the efficiency of financial markets. Third part of the course concentrates on financial market: money markets, bond markets, stock markets, mortgage markets, foreign exchange markets and international financial system. In last part of the course we ask: What are the risks faced by financial market participants? What are the various sources of financial market risk? How do you manage Risk? How to hedge (manage risk) with financial derivatives.

 

Corporate Finance

This course is designed to introduce students to the basic concepts and techniques used in corporate finance. Although there are no prerequisites, however, this course requires some familiarity with basic algebra and accounting concepts. Topics covered in this course include: Time value of money, Interest rates and bond valuation, ratio analysis, equity valuation, project appraisal and capital budgeting, and cost of capital. Additionally, participants will be working towards earning the Research Analyst Certification by National Institute of Securities Markets (NISM). The certification aims to enhance the quality of services provided by research analyst in the financial services industry. The Certification Exam includes following topics: Equity and derivative market trade and settlement, key market participants, regulatory framework, and counterparty and market risk.

 

Advanced Corporate Finance

This course builds upon the topics covered in the earlier core courses titled World Financial Markets and Corporate Finance. Although, some topics covered in this course were introduced earlier, but this course will take that learning into an empirical setup. Broadly, the course contents are divided into Risk analysis, Payout policy & Capital structure decisions. First part will start with deliberation on the concept of risk and return of a single security followed by risk and return of a portfolio and then will consider how to construct a best portfolio under given assumptions. Second and third part of the course will discuss more intriguing topics in corporate finance like dividend policy, capital structure decisions and valuation of corporate debt.

 

Banking Laws and Regulation

The objective of this course is to familiarize participants with the legal and regulatory framework pertaining to banking sector in India. In contrary to the general perception banking business in India is not only governed by RBI through RBI Act, 1934 and Banking Regulation Act, 1949 but also through numerous other laws, frameworks and guidelines. Although, RBI is the sole regulator of Indian banking sector but the day to day banking operation is accomplished by several laws and guidelines, such as Indian Contract Act, 1872; Transfer of Property Act, 1882; Negotiable Instruments Act, 1881 etc. Within the above-mentioned context, this course is divided into four parts. We start our discussion with understanding the broader objective of regulations and compliance and the role of RBI in regulating the banking business in India. Then we move on to discussing the legal aspects of banking operations, i.e. various ways through which day to day banking business is managed in India. Third part of this course introduces the participants to various banking related laws, e.g. Recovery of Debts due to Banks and Financial Institutions Act, 1993(DRT Act); Banking Ombudsmen Scheme and Payment & Settlements Systems Act, 2007. The final part of this course deals with various commercial laws with respect to banking in India, e.g. Foreign Exchange Management Act, 1999 and Transfer of Property Act, 1882.

 

Introduction to International Trade and Finance

Globalization phenomenon has encouraged companies to target transnational customers and as a result changed the way companies conduct their businesses. Moreover, with the advent of e-commerce, international trade flows (import and exports) have increased many folds. Consequently, the ways and means to finance international trade transactions have also evolved. Introduction to international trade and finance aims to familiarize students to such ways and means of international trade transactions. The course begins with the motivation for international trade using the international trade theories or economic justification for international trade. Students also learn about the financing aspects of international trade, which include: methods of payments and trade finance. As international traders face huge risks in carrying out international trade, this course also discusses various ways to mitigate them. The course concludes with discussions on regulatory framework and trade facilitation bodies with respect to international trade.