Bassein Catholic Co-op Bank: Arbitrary dismissal of CEO oppo

Bassein Catholic Co-op Bank: Arbitrary dismissal of CEO opposed


In the wake of the issue of termination of the bank’s CEO Brijdina Rajan Coutinho, Maharashtra based leading UCB- Bassein Catholic Cooperative Bank board has been divided into two groups and thus pushed into a legal fight.
The fight between the board of directors started in the board meeting held on 2nd January 2021 which lasted till late night, when at around 10:00 P.M, Ryan Fernandes, Chairman of the UCB came with the letter of termination of CEO. This angered the board members and ruckus flared up in the meeting.
As soon as the ruckus on the issue started between several directors and Chairman, Ryan ran away from the meeting and the proceedings got stopped, said one of the directors to Indian Cooperative asking his name not to be quoted.

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