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Doctor of Philosophy, Indian Institute of Technology, Delhi

Master of Philosophy, Department of Commerce, University of Delhi

Master of Commerce, Department of Commerce, University of Delhi

Bachelor of Commerce (Hons.), Janki Devi Memorial College, University of Delhi

Prof. (Dr.) Dhulika Arora

Assistant Professor and Senior Associate Dean, Office of Career Services

Email dhulika.arora@jgu.edu.in
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ORCID ID 0000-0002-3612-0368
Key Expertise Banking, Shadow banking, Non-Banking Financial Institutions (NBFIs), Financial Crisis, Regulations, Risk.

Doctor of Philosophy, Indian Institute of Technology, Delhi

Master of Philosophy, Department of Commerce, University of Delhi

Master of Commerce, Department of Commerce, University of Delhi

Bachelor of Commerce (Hons.), Janki Devi Memorial College, University of Delhi

Biography

Dr. Dhulika Arora is an Assistant Professor of Finance and Accounting at Jindal Global Business School (JGBS), O.P. Jindal Global University, where she also serves as Senior Associate Dean in the Office of Career Services (OCS), Jindal Global Business School. She holds a Ph.D. in Finance from the Department of Management Studies, Indian Institute of Technology (IIT) Delhi, along with an M.Phil. and M.Com. from the Department of Commerce, University of Delhi, and a B.Com. (Hons.) from Janki Devi Memorial College, University of Delhi.

Dr. Arora’s research primary focuses on shadow banking, non-banking financial institutions (NBFIs), corporate leverage structures, systemic risk, and organizational resilience within emerging market economies (EMEs). Her work has been published in internationally reputed, peer-reviewed journals, including Emerging Markets Review (ABDC 'A'), China Accounting and Finance Review (ABDC 'A'), and the South Asian Journal of Management (ABDC 'C'). She is also a recipient of a competitive research grant from the Goa Institute of Management to investigate the impacts of economic shocks on the Indian MSME sector. She regularly presents her research at global finance forums, including the World Finance Conference (Norway and Lithuania) and the Vietnam Symposium in Banking and Finance. Prior to joining JGBS, Dr. Arora built extensive teaching experience across premier institutions in India, including Shri Ram College of Commerce (SRCC), Gargi College, SGTB Khalsa College, and IIT Delhi.
 

Financial Management

Management Accounting

Statistics for Managers

Fundamentals of Insurance

Financial Accounting (Coursera)

Analysis of Financial Statements (Upgrad)

Managing Fintech Ecosystems (Upgrad)

Introduction to Digital Finance (Upgrad)

Principles of Financial Regulation (Upgrad)
 

Highest marks in B.Com (Hons) in Janki Devi Memorial College- 2013.

Sh.D.K.Marwah Prize’ for scoring highest marks in financial accounts paper in B.com (Hons.)- 2011

Research Assistant in Indian Institute of Public Administration (IIPA) for the project titled “Restructuring of the Ministry of Home Affairs, Government of India” for the period June’2018- August’2018.

Research Assistant for the project conducted by IIT Delhi titled ‘Impact of COVID-19 crisis on the Indian MSME Sector’ sponsored by Goa Institute of Management (GIM), 2020.

Assistant Professor (guest)- SGTB Khalsa College, University of Delhi- August-December, 2016.

Assistant Professor (guest) IITM College, Guru Gobind Singh Indraprastha University, January- April, 2017

Assistant Professor (guest) Bharati College, University of Delhi, October,2017- March,2018

Assistant Professor (adhoc) Gargi college, University of Delhi, March-April, 2018

Assistant Professor (guest) Gargi college, University of Delhi, July-November, 2018

Assistant Professor (guest) SRCC, University of Delhi, September-November,2018

Teaching Assistant Department of Management Studies, Indian Institute of Technology Delhi, 2019-2020

Peer reviewer: Corporate Social Responsibility (CSR) and Workplace Happiness: A Reciprocal Pathway to Happiness, Stress Management, and Burnout Prevention in Indian Firms, CSR and Workplace Happiness, IIMB Review, 2026

Peer reviewer: Sustainability and Financial Outcomes in Indian Banking: A Decadal Panel Data Analysis of ESG Practices, IIMB Review, 2026

Peer reviewer: The Triple Nexus: How Economic Complexity, Fintech, and Financial Freedom Shape the Shadow Economy, Emerging Markets Review, 2026

Peer reviewer: Mapping The Experiences of Work-Life Balance: Implications for the Future of Work, Journal of Asia Business Studies, 2024

National Institute of Securities Markets, Faculty Ambassador

Arora, D., & Kashiramka, S. (2026). The Efficacy of Regulations in Managing the Risk-Taking Behaviour of Systemically Important Non-Banking Finance Companies in India. IIMB Management Review (ABDC C).

Arora, D., & Kashiramka, S. (2025) What Drives the Leverage Structure of Systemically Important Non-Banking Finance Companies: Evidence from an Emerging Market). Research Symposium in Finance and Economics,Virtual.

Arora, D., & Kashiramka, S. (2024). Organizational resilience as an aid to surviving the pandemic: Empirical evidence from Indian MSME firms. South Asian Journal of Management (ABDC C).

Arora, D., & Kashiramka, S. (2023). What drives the growth of shadow banks? Evidence from emerging markets. Emerging Markets Review, 54, 1-21 (ABDC A).

Arora, D., & Kashiramka, S. (2023). Are shadow banks a threat to the financial stability of EMEs? China Accounting and Finance Review, 25(4),488-512 (ABDC A).

Arora, D., & Kashiramka, S. (2023). The Role of Regulations in Mitigating the Risks of Systemically Important NBFCs in India. 5th International Conference on financial markets and corporate finance (ICFMCF), DMS, IIT Delhi.

Arora, D., & Kashiramka, S. (2023). Determinants of leverage structure of Systemically Important NBFCs in India. World Finance Conference, Norway.

Arora, D., & Kashiramka, S. (2023). The Efficacy of Regulations in Managing the Risk-Taking Behaviour of Systemically Important Non-Banking Finance Companies in India. World Finance Conference, Lithuania.

Arora, D., & Kashiramka, S. (2022). Do NBFIs affect Financial Stability? Evidence from EMEs. Vietnam Symposium in Banking and Finance (VSBF).

Agarwal, P., Arora, D., Kashiramka, S., & Jain, P. K. (2020). The Impact of Non-Performing Assets On Bank Performance Under BASEL Regime- Empirical Evidence From India. Journal of Commerce and Accounting Research, 10(3), 36-45 (Scopus indexed).

Arora, D., & Arora, H. (2018). Impact of Make in India on Customer's Perception. KAAV International Journal of Economics, Commerce and Business Management (KJECBM), 5(1), 588-594 (UGC Care).

Arora, D., & Arora, H. (2017). Role of Non-Banking Financial Company- Micro Finance Institutions (NBFC-MFIs) in Financial Inclusion. In P. Gupta, P. K. Sharma, & A. Kumar, Microfinance, Financial Literacy and Financial Inclusion. Delhi: Heritage Publishers.

Jain, N., & Arora, D. (2017). Risk and Off-balance Sheet Activities in Indian Banks: An Analysis. International Journal of Management Research, 8(2), 14-27 (UGC Care).

Ramchandani, S., & Arora, D. (2017). Corporate Social Responsibility (CSR) Practices in India: A Comparative Study of the Most Profitable Private Sector Banks,Public Sector Banks and Non-Banking Financial Companies (NBFCs). IITM Journal of Business Studies, 4(1), 27-35 (UGC Care).
Email dhulika.arora@jgu.edu.in
ORCID ID 0000-0002-3612-0368
Key Expertise Banking, Shadow banking, Non-Banking Financial Institutions (NBFIs), Financial Crisis, Regulations, Risk.
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