Prof. Asit Ranjan Mohanty

Professor, Finance
External Affairs and PR
Ph.D in Banking Risk Managemen, MPhil in International Trade( JNU), MA in Economics Fellow UGC, CAIIB,Dip in Risk Management
School: Xavier Institute of Management (XIMB)
Phone:0674-6647995, 9438669607
Email:asit.mohanty@ximb.ac.in
Home Page:

Teaching Interests

Financial Market & Instruments, Commercial Banking, Asset Liability Management, Credit risk Rating Models, Basel and Risk Management in Commercial Banks, Banking Regulation & Compliance, Public Financial Management in State Governments, Public Private Partnership Models. Energy Risk Management, Econometric & Time Series Analysis, Fiscal Analysis & Forecasting

Research Interests

Good and Services Tax, Fiscal Sustainability, Fiscal Federalism, State Finance, Fiscal Risk, Forecasting of Revenue & Sector wise Expenditure Management at State Level, non Tax Revenue, Public Debt, Government Budget Formulation & Good Budgeting Practices, Budget Analysis at State level, Financial Market, Commercial Banking, Basel Norms and Risk Management, Asset Liability Management, Efficiency measurement and performance analysis of Electricity Distribution Sector, Tax Effort analysis of State Governments, Public Financial Management, sub National Finance at Local Self Government, Rating of Municipalities Bonds

Administrative Responsibilities

Chair Professor of Centre of Excellence in Fiscal Policy & Taxation

Member in Editorial Board

Member in Editorial Committee in Eighty Years of Odisha Budget : Commemorative Volume, Published by Government of Odisha : 2018

Other Membership

Member of Indian Econometric Society
Basel Compliance Professionals Association
Member of Global Association of Risk Professionals(GARP)
Member of Indian Economic Association
Member of Institute of Banking & Finance(IIBF)

Research & Publications

#Journal

2019, JOURNAL: New evidence on the relationship between public and private investment in India, Access Econ LLC, USA

2019, JOURNAL: Has FRBM rule influenced fiscal deficit-growth nexus differently in India?, Taylor & Francis,UK

2018, JOURNAL: An Empirical Analysis of Aggregate Import Demand Function for India, Walter de Gruyter GmbH, Germany

2018, JOURNAL: Determinants of Non-Performing Loans in India: A System GMM Panel Approach, India

2017, JOURNAL: The Nexus between Fiscal Decentralization and Economic Growth: Evidence from Sub-National Governments in India, International Journal of Research and Innovation in Applied Science

2017, JOURNAL: State Level Power Sector Reforms in India, Society of Harmonized Research

2017, JOURNAL: Fiscal Performance Index of the States in India, National Institute of Bank Managment,Pune

2017, JOURNAL: Causal Nexus between Billing Efficiency and Economic Growth in India: An Analysis Using Vector Autoregression, International Journal of Economics and Finance, Canada

2017, JOURNAL: Cointegration between Government Expenditure and Revenue: Evidence from India , Harmonised Research Public Corporation, USA

2017, JOURNAL: Is Fiscal Policy Pro-Cyclical or Counter Cyclical? Evidence from India, Arthshastra Indian journal of Economics and Research, India

2017, JOURNAL: Efficiency in Value Added Tax in Sub-National Governments in India: An Empirical Analysis, Journal Press in India, India

2016, JOURNAL: Revisting the Financial Year in India, Society for Science and Education, United Kingdom

2016, JOURNAL: AN EMPIRICAL ANALYSIS OF EFFECT OF PUBLIC DEBT ON ECONOMIC GROWTH IN INDIA IN THE POST-REFORM ERA, Asian Economic and Social Society (AESS)

2016, JOURNAL: Impact of Public Debt on Economic Growth: Evidence from Indian States, Xavier University, Bhubaneswar

2016, JOURNAL: BANK CREDIT AND ECONOMIC GROWTH: AN EMPIRICAL EVIDENCE FROM INDIAN STATES, International Journal of Current Research

2016, JOURNAL: Fiscal Landscape of Odisha: An analysis Deficits and Expenditures Fiscal Landscape of Odisha: An analysis Deficits and ExpendituresFiscal Landscape of Odisha: An analysis Deficits and Expe, Euro Asia Research and Development Association,India

2016, JOURNAL: Does the Union Budget 2016-17 reflect the True Spirit of Fiscal Federalism in India? , Valley International Jouranals, India

2016, JOURNAL: Impact of Non –Tax Revenue on Revenue Expenditure in Sub National Public Finance in Economic Sector, International Organisation of Scientific Research

2016, JOURNAL: THE LONG-RUN CAUSAL NEXUS BETWEEN EXPENDITURE IN SOCIAL SERVICES SECTOR AND ECONOMIC SERVICES SECTOR: A COMPARATIVE ANALYSIS BETWEEN NATIONAL AND SUB-NATIONAL GOVERNMENT, Associated Asia Research Foundation, India

2015, Journal: Relationship between Electricity Energy Consumption and GDP: Evidence from India, International Journal of Economics and Finance; Vol. 7, No. 2; 2015

2015, Journal: tate Level Expenditure Management Policy in India: An Empirical Analysis of Odisha State Finance, Indian Journal of Finance and Economic Management ISSN 2347-3061 Volume 2, Number 1 (2015), pp. 1-20

2014, Journal: Causal Link Between Government Spending and Revenue: An Empirical Analysis on Odisha State Finance, Odisha Review, GoO.

2014, Journal: Evolving Paradigms in Odidha State Finance: An Empirical Analysis, Odisha Review ISSN 0970-8669

2014, Journal: Power Sector Efficiency, Vilakshan

2014, Journal: Effectiveness in Management of State Finance: An Empirical Analysis for Odisha, Odisha Review, GoO

2013, Journal: Reforms in Vulnerable Power Distribution Sector in Odisha – BOT Model, Odisha Review June 2013 V OL. LXIX NO. 1 1

2013, Journal: Analysis of Electricity Distribution Efficiency in India, Odisha Review

2012, Journal: Sustainable Development of Fnancial System: The Application of Economic Capital Models for Strategic Management of Market and Operational Risk of Commercial Banks, Utkal Business Review

2012, Journal: ECONOMIC VAUE ADDITION: VALUE CREATION IN BANKING INDUSTRY IN INDIA, Pratibimba

2012, Journal: Risk Capital Modelling, KIMS

2011, Journal: Regulating Financial Conglomerates in India: Is a unified regulator an answer?, Utkal Business Review

2010, Journal: Provisioning of Rural Credit: an Indian Perspective , Vilakshan, March,2010

2010, Journal: A Bayesian Analysis of Total Factor Productivity Persistence , Historical social Research ( Special Issue)

2009, Journal: Retail Assets Management in Indian Banking: Credit Marketing Model using Data Mining Approach , Vilakshan, December, 2009

1996, Journal: India’s Trade Flows: An Empirical Analysis,

#Book

2018, Book: 80 years of Odisha Budget - A Commemorative Volume, Finance Department, Government of Odisha

2014, Book: Risk Management and Capital Measurement in Commercial Banks, Scholars Press, Germany

#Working Paper

2018, WorkingPaper: • Nonlinear Fiscal Deficit-Growth Nexus in India States: A Threshold Model Analysis, The Indian Econometric Society (TIES)

2018, WorkingPaper: Determinants of Non-Performing Loans in India: A System GMM Panel Approach, The Indian Econometric Society (TIES)

2012, WorkingPaper: Prediction of Recovery Rate and Loan Losses – Given Default of Financial Institutions, Odisha State Financial Corporation

Conference/Seminar

2019, Conference-Attended: Odisha State Finance - Kaleidoscope, Venue: Gopabandhu Academy, Bhubaneswar

2019, Seminars-Talks: Recommendation of the amount to be paid by the Government Company granted lease under section 17A (2A) & (2B) of MMDR Act, 1957”, Venue: Bhubaneswar

2019, Conference-Attended: Roadmap for PFM Reforms in Odisha, Venue: Government of Odisha and CEFT

2018, Seminars-Talks: Pre State Budget discussion : 2018-19, Venue: Bhubaneswar

2018, Conference-Attended: • Post State Budget discussion : 2017-18, Venue: Bhubaneswar

2018, Conference-Attended: Risk Modelling and Basel III, Venue: Pune

2017, Seminars-Talks: Unwrapping Resource Envelope: Analysis of Statge Budget 2017-18, Venue: Press Club, Bhubaneswar

2017, Seminars-Talks: Post State Budget discussion : 2017-18, Venue: CYSD

2015, Seminars-Talks: Implication of Goods and Services Tax, Venue: XIMB, Bhubaneswar

Training/Workshop/FDP

2018, Training-Conducted: Mid Career Program, Venue: Xavier University

2018, Training-Attended: Credit Risk Modelling and Basel III, Venue: Pune

2017, Training-Attended: Deposit and Loan Pricing (Focus : MCLR and Basel III), Venue: Pune

Projects / Consultancy

2018, Tax Effort Index of States in India, Client: 15th Finance Commission, Government of India, Status: On-going

2014, Forcasting of Commercial Taxes FT 2014-15, Client: Commercial Tax Dept, Goo, Status: Completed

2013, Value Added Tax Reforms: A Stakeholders Perception, Client: Commercial Tax Department, Govt. of odisha, Status: Completed

2013, Training Need Analysis: Commercial Tax Department, Client: Commercial Tax Department, Govt. of odisha, Status: Completed

2013, Impact of WTO on Financial Services, Client: Govt.of Odisha, Status: Completed

2013, Rating Model for BOT Models in Distribution Sector, Client: OERC, Status: Completed

2013, Rating Model for VAT taxpayers, Client: Commercial Tax Department, Govt. of odisha, Status: Completed

2012, Financial Literacy, Client: SEBI, Status: Completed

Directorial / Advisory Position

Independent Director, Odisha State Finance Corporation,Odisha, cuttack,Duration: 7-2-2014 to

Chair Professor, Centre of Fiscal Policy and Taxation,Xavier University,Duration: 7-5-2015 to

Member, Editorial Committee on " Commemorative Volume on 80 Years Budgets in Odisha" , Government of Odisha,Government of Odisha,Duration: 1-6-2016 to Continuing

Member, Fifth Finance Commission, Government of Odisha,Government of Odisha,Duration: 5-5-2018 to Continuing

Independent Director, Central Electricity Supply Utility of Orissa - CESU,Odisha,Duration: 5-6-2017 to Continuing

Permanent Invitee to State Level Banking Committee (SLBC), Government of Odisha,Government of Odisha,Duration: 16-7-2016 to Till Date

Screening Committee Member , Planning & Convergence Department,Government of Odisha,Duration: 9-11-2018 to Till Date

Member of the Committee to recommend fee to be paid by Government Company granted lease u/s 17 (A) 2 (A) & 2(B)of MMDR Act, 1957 , Government of Odisha,Government of Odisha,Duration: 9-5-2019 to Till Date

Work Experience

Work Experience ( 23 Years)
1. Professor(Finance) in XIMB (11 Years)
2. Functional Expert in Risk Management Division (Reveleus), Oracle Financial Services Ltd. ( 3 Years)
3. Senior Manager in Dena Bank in Risk Management Dept ( 2 Years)
4. Manager in Oriental Bank of Commerce in Risk Management Dept ( 1 Years)
5. Orissa Finance Service(OFS) in Govt. of Orissa ( 2 Years)
6. Manager in Asset Liability Division of IDBI ( 4 years)

Hobbies

Sports, Listening to Music, Reading