Prof. Milind Sathye

Prof. Milind Sathye is Professor - Finance at FLAME University. He holds a Doctorate Degree in Commerce in accounting from the University of Pune, a master’s degree from the University of Mumbai and a Bachelor’s Degree in Commerce from University of Pune. He completed his cost accountancy qualification from the Institute of Cost and Works Accountants of India, company secretaryship from the Institute of Company Secretaries of India and is a certified associate of the Indian Institute of Bankers. He is a Fellow of CPA, Australia, and Financial Services Institute of Australasia. 

He began his career as a trainee cost accountant with Mahindra Electro-Chemical Products Ltd. Thereafter, he worked in the Indian Banks’ Association, and the Union Bank of India for a few years. Subsequently, he worked in the Reserve Bank of India (RBI), its outfits, the National Bank of Agriculture and Rural Development (NABARD) and the Bankers’ Institute of Rural Development (BIRD), for 17 years. The position that he last held was that of a Deputy General Manager. In this period, he worked among others, as a project manager World Bank pilot project and as a nominee director on the board of a regional rural bank. 

After migrating to Australia, he worked in the Australian government (Department of Treasury), the University of Southern Queensland, and the University of Canberra for about 30 years. He was the only academic selected and nominated by the University of Southern Queensland for the 2000 Australian Award for University Teaching - a national award given by the Prime Minister of Australia. Over the years, he has taught courses in auditing, management accounting, bank risk management, corporate finance, personal financial planning, and business ethics, among others. 

He has published 73 articles in refereed international journals so far, of which close to 40% were in ABDC A*/A or in Q1/Q2 journals of Scimago, JCR/Cite score. Nearly half of his papers have received citations exceeding 20 at Google Scholar. Of these, the papers published in top-tier journals like the International Journal of Bank Marketing, European Journal of Operations Research, and Journal of Banking and Finance have received citations that exceed 2060, 860 and 720, respectively (as of 7 August 2025). Importantly, the citations include those from the World Bank, Federal Reserve Bank, Bank of Italy, Australian Government, and the Asian Development Bank, signifying the high impact of his research. 

Teams under his leadership have won many external competitive grants that included research grants from the Society for Worldwide International Financial Transactions (SWIFT) London, the University of California IMTFI (funded by Bill & Melinda Gates foundation), the Australian government, and the Malaysian government. He has supervised over 20 DBA/PhD and other higher degree research (HDR) students to completion and has examined HDR theses of students from the ANU, Uni of New Castle, Macquarie, University of Queensland, Western Sydney University and others. During his tenure in RBI/NABARD/BIRD, he carried out many field studies.

He has published four scholarly books, several working papers, and three bank risk management textbooks (publisher Wiley & Sons). Currently, he is authoring one textbook each on bank risk management for Palgrave Macmillan in the U.K. and World Scientific in Amsterdam. He has presented at many international academic conferences around the world and received accolades for his work, including a best paper award at the Paris conference. Several international conferences on fraud, anti-money laundering, and other areas held in Australia and overseas invited him as a keynote speaker. His current research interests include forensic accounting and financial crime, fraud, anti-money laundering, efficiency and risk management in financial institutions, microfinance, sustainability reporting, and corporate governance.