Diksha Lalita Devanand Karhade
News editor
Advocate Gunaratna Sadavan has been reprimanded by the Cooperative Commissioner and Sadavarte’s close associate Saurabh Patil has been dismissed from the post of Managing Director of ST Cooperative Bank. The cooperative commissioner has said in the order that this action has been taken as Pasta does not fit any criteria. The bank is managed by a panel headed by Sadavarte.
As per rules, approval of Rise Bank of India is required for appointment of any person to the post of Managing Director.
Ministry of Cooperatives had already expressed strong displeasure regarding such permission while appointing Patil. Bata believes in direct action.
Managing Director of ST Bank is expected to have at least eight years of experience. Apart from this there is an age requirement of 35 years. Grind 25 Na Arapara of Patalancha Gum. He doesn’t even have eight years of experience.
After it became clear that he did not fit any criteria, the Cooperative Commissioner wrote to ST Bank and directed them to remove the Pahal song within a week.
Appoint new directors and complete all other procedures during this period, the letter also said.
