Shangri-la Development Bank Limited is a dream project of few innovative and motivated entrepreneurial minds rather than being just another bank in the crowd of financial institutions. Promoted by respected professionals, bankers, chartered accountants, doctors, engineers, businessmen, entrepreneurs, social workers, and other renowned personality of other fields with very good integrity and social standings.

It is formed after merged of two local development bank named Bageswari Development Bank based in Nepaljung and Shangri-la Development Bank based in Pokhara. At present Shangri-la Development Bank Ltd. is one of the largest National level Development Bank with Branch network of 98 branches, depositors base of more than 3 lakhs customers with its Central Office at Baluwatar ,Kathmandu and Cluster Office in Pokhara, Nepalgunj and Narayanghat.

Shangri-la Development Bank Ltd acquired Cosmos Development Bank and started joint operation from 30 Ashad,2074.