EECTI, pit-cup GmbH tie-up

The European Economic Chamber of Trade, Commerce and Industry for India recently signed up with pit-cup GmbH of Germany as a trading partner. The partnership was to introduce a new software for architectural and mechanical design. The software which is a running success in over 18 countries both in EU and Non EU nations has over 10,000 clients all over the world, said a press release. It is now being introduced in India at a price lower than in Europe.

Vijaya Bank’s Hindi workshop

Bangalore-headquartered Vijaya Bank on Saturday organised a Hindi workshop for its executive at its Head Office. The Workshop was inaugurated by Valsala G Kutti, Joint Secretary, Ministry of Home Affairs, Govt of India.

Speaking on the occasion, Prakash P Mallya, Chairman & Managing Director advised all executives of the bank to facilitate Hindi implementation as it is vital in banks business endeavours.

SyndBank’s new NRE rates

Syndicate Bank announced on Saturday revised rate of interest on Non-Residential External (NRE) Term Deposits and FCNR(B) deposits. Interest rates on NRE deposits for a period of one year to less than two years have been revised to 4.46 per cent, two years to less than three years to 3.94 per cent and for three to five years to 4 per cent.

In case of FCNR(B) deposits, the interest rate for one year to less than two years is 3.71 per cent, for 2 years to less than 3 years is 3.19 per cent, for 3 years to less than 4 years is 3.25 per cent, for 4 years to less than 5 years is 3.34 per cent and for 5 years it is 3.44 per cent. The rate of interest for the tenure 1 year 1 day on GBP deposits is 5.30 pc, on Euro deposits is 3.94 per cent.