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Milind Sathye

Professor in Banking and Finance 


  • PhD 1992 University of Pune, India.
  • MCom 1986 University of Mumbai, India.
  • AICWA 1982 Inst. of Cost & Works Accountants of India, Kolkata.
  • CAIIB 1979 Indian Institute of Bankers, Mumbai.
  • ACS 1978 Institute of Company Secretaries of India, New Delhi.
  • GCHE 2005 University of Canberra, Australia.


  • Vice Chancellor's Award for Research Excellence. 2006.
  • Ranked among top 10 finance academics in Australia by SIRCA (2001 ranking).
  • Nominated by the University of Southern Queensland for the Australian Award for University Teaching, 2000.
  • Lord Aldington Banking Research Fellowship for study of South Korean banking, 1994.
  • Asian Development Bank-Japan Scholarship, 1992.

Career Bio

Prof Sathye worked for nearly two decades in the Reserve Bank of India (National Bank) including as Project Manager World Bank Pilot Project. Frequently, consulted by media, he appeared on many occasion on ABC Inside Business, ABC 7.30 Report, Al Jazeera TV Dubai among others. His expertise is regularly sought by Australian Senate Economic. He worked as expert witness on banking and finance cases for Australian Courts. His research focus is on efficiency and productivity, AMLCTF, e-banking and microfinance and published in top ranking journals besides winning external competitive grants the latest being from the University of California at Irvine.


  • Managing Financial Services Firms.
  • Credit and Lending Decisions.
  • Strategic Financial Planning.
  • Auditing.


Research Publications - 5 Selected

  • Sathye, M (1999) Adoption of Internet Banking by Australian consumers, International Journal of Bank Marketing, Emerald. Citations at Google Scholar as of Dec. 2013: 621
  • Sathye, M. (2001) X-efficiency in Australian Banking, Journal of Banking and Finance, Elsevier, Netherlands. Citations at Google Scholar as of Dec. 2013: 348
  • Sathye, M (2003) Efficiency of banks in developing economy: the case of India, European Journal of Operational Research, Elsevier. Citations at Google Scholar as of Dec. 2013: 286
  • Sathye, M (2005) Technical efficiency of large bank production in Asia and the Pacific, Multinational Finance Journal Special issue on Banking ed by Anthony Saunders, Stern School of Business. Citations at Google Scholar as of Dec. 2013: 12
  • Ariff, M., Cabanda, E., and M. Sathye (2009) Privatisation and Performance: Evidence from the telecommunications sector, Journal of the Operational Research Society, USA. Citations at Google Scholar as of Dec. 2013: 7.

Research Activities

External competitive grants in recent years:

  • Lead researcher, University of California at Irvine. Value USD 20,000 approx. Study of mobile phone banking in Fiji Islands (2013)
  • Lead researcher: Australian Government (RRRDG) AUD 24,000 approx. for study of financial literacy and inclusion of Indigenous Australian women (2011)
  • Lead researcher: Australian Government (AIIG) AUD 20,000 approx. for study of microfinance  in Arunachal Pradesh and West Bengal states of India (2010)
  • Co-researcher: Malaysian Government Accounting Research Institute Grant RM 40,000 for survey of anti-money laundering compliance officers of Malaysian Banks (2012)
  • Co-researcher: Malaysian Government Accounting Research Institute Grant RM 40,000 for a case study of AMLATFA compliance (2012)

Active Research Collaborations:

  • Hong Kong: Hong Kong Baptist University.
  • Fiji: University of the South Pacific.
  • Australia: Griffith University, Macquarie University, Bond University, Charles Darwin University.
  • India: National Bank for Agriculture and Rural Development, National Institute of Bank Management, Gujarat Institute of Development Research, University of Jammu, University of Pune
  • France: Burgundi Business School.

Research Interests

Efficiency and productivity, E-commerce, Anti-Money Laundering  and Microfinance: Papers published and competitive grants won in these areas.

External Research Profile