CIT collaborates with Mindtree to establish a global talent pool in Bangalore.

CIT Group Inc . (NYSE: CIT), a leading global provider of commercial and consumer finance solutions, today announced its first significant global sourcing initiative designed to streamline the Company's technology operations and improve its operating efficiencies.CIT, together with MindTree Consulting , an international IT and R&D services company, has established an offshore development center in Bangalore, India that will initially employ 75 consultants. The consultants will be responsible for application development and maintenance activities for CIT's Specialty Finance, Sales, Collaboration, and Corporate IT systems. The development center is expected to grow to more than 100 consultants, as CIT continues to invest in technology to support its global operations.