Shangri-la Development Bank Limited is formed after merged of two local development bank named Bageshwori 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 95 branches, with its Central Office at Baluwatar, Kathmandu and Cluster Offices in Pokhara, Nepalgunj, Narayangarh, Gorkha, Dhangadi and Itahari.
Shangri-la Development Bank Ltd has acquired Cosmos Development Bank and started joint operation from 30 Ashad, 2074.