I'm a Community Manager here at Stack Exchange. During the beta period, we are responsible for appointing moderators and we also have the ability to remove them, if needed. (This is actually quite rare.)
I'm currently looking at some tickets (sent via contact form) we got from users in the last few days. I don't think we need to remove any moderators right at the moment. Before we get to that point, I think there needs to be a community agreement about how to deal with sectarianism. It feels like there are disagreements about what should and should not be allowed. This isn't unique to Hinduism, by the way. This same issue has been seen on Islam and, to a lesser degree, Christianity.
I'm currently looking at those tickets and reading up on Hinduism (I'm almost entirely ignorant) to get an idea of who divisions manifest. I'm also looking at your excellent FAQ to understand how you all have addressed these issues in the past. When I feel like I have a basic understanding, I'll post my thoughts as an outsider and community manager here on meta.
In summary, it's not going to do much good to remove a moderator if we don't get to the heart of the issue: how should this site handle sectarian disagreements.