“The strength of the Bank’s credit policy coupled with its knowledge of the rural sector are important elements in limiting the impact of drought conditions on its financial performance,” Mr Hutchinson said.
Though banking transaction in the rural area is not a new idea for other country it is still unapproachable to the people of Nepal.Now a new concept of rural development through banking on industrialization, on agriculture,and many more has been thought.Small rural government Bank provide people by providing equipment and money so that they can do what they are skilled in. Small help can also give lot of back support for the development.
Online banking
Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.Protection through single password authentication, as is the case in most secure Internet shopping sites, is not considered secure enough for personal online banking applications in some countries. Basically there exist two different security methods for online banking.
The PIN/TAN system where the PIN represents a password, used for the login and TANs representing one-time passwords to authenticate transactions. TANs can be distributed in different ways, the most popular one is to send a list of TANs to the online banking user by postal letter. The most secure way of using TANs is to generate them by need using a security token. These token generated TANs depend on the time and a unique secret, stored in the security token (this is called two-factor authentication or 2FA). Usually online banking with PIN/TAN is done via a web browser using SSL secured connections, so that there is no additional encryption needed.
This has made banking more easier and fast any one can have banking transaction easily.
The PIN/TAN system where the PIN represents a password, used for the login and TANs representing one-time passwords to authenticate transactions. TANs can be distributed in different ways, the most popular one is to send a list of TANs to the online banking user by postal letter. The most secure way of using TANs is to generate them by need using a security token. These token generated TANs depend on the time and a unique secret, stored in the security token (this is called two-factor authentication or 2FA). Usually online banking with PIN/TAN is done via a web browser using SSL secured connections, so that there is no additional encryption needed.
This has made banking more easier and fast any one can have banking transaction easily.
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