What Shine Resunga Development Bank does

Shine Resunga Development Bank Limited is a Nepal Rastra Bank-regulated, national-level development bank headquartered in KalikaNagar, Butwal-11, Rupandehi, with 87 branches spanning Lumbini, Sudurpashchim, Karnali, Gandaki, and Bagmati provinces and 501-1,000 employees. Originally founded on Falgun 11, 2065 BS (2009) as Shine Development Bank Ltd. covering three districts, the franchise was built through four mergers/acquisitions (Resunga Bikas Bank in 2069 BS, Gaumukhi Bikas Bank in 2073 BS, and Bhaargav Bikas Bank plus Purnima Bikas Bank in 2076 BS) before achieving national-level status on 2076 Mangshir 10.

The bank's product portfolio is organized around three pillars: deposits (18+ branded savings schemes including Shine Samriddhi Bachat Khata, Unnati, Nari, Utsav, Jestha Nagarik, Baal, Pragati and others, plus fixed deposits from 6 months to 5 years, recurring, call, and current accounts), loans (business/service/industrial/trading loans, consumer loans including auto, home, mortgage, professional, real estate, personal, education, and hire purchase, and agriculture/microfinance loans), and digital banking infrastructure anchored by the F1soft-powered Digi Shine mobile application. Digi Shine integrates with VISA (debit, credit, virtual credit cards), POS terminals, QR payments (Fonepay), digital wallets (eSewa, Khalti), interbank transfers (ConnectIPS), and shareholder services (MeroShare/CDSC).

The revenue model is dominated by net interest income from lending across business, consumer, and agriculture/microfinance segments, supplemented by transaction fees, card fees, remittance charges, lockers, and bank guarantee fees, with publicly disclosed interest rates (effective 2083-03-01 / 15 June 2026), tariff charges, and Basel disclosures supporting a regulated, transparent pricing structure. The bank serves retail consumers, SMEs, agricultural borrowers, and depositors across both urban and rural Nepal, distributing via physical branches, ATMs, the Digi Shine app, internet banking, and a POS merchant network.

Name

Shine Resunga Development Bank

Legal name

Shine Resunga Development Bank Limited

Website

https://srdb.com.np

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shine Resunga Development Bank is a Nepal Rastra Bank-regulated, national-level development bank headquartered in Butwal, operating 87 branches across five provinces to provide deposits, business and consumer loans, agriculture and microfinance credit, and digital banking via its Digi Shine mobile platform.

Ownership category

akta.pro rank

Product category

Development Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Other Activities Related to Credit Intermediation (52239)

SIC

State Commercial Banks (6022), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM), SME Treasury & Liquidity Management (FX, Hedging, Sweep/Investment) (FSABABAE), Loyalty, Rewards & Retention Platforms (BPAFAFAH)

Keywords

• Retail banking services
• Development bank lending
• Deposit mobilization
• Mobile banking app
• Agriculture microfinance loans

Headquarters

HQ city

Butwal

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue stream from interest earned on loans including business loans (service, industrial, trading), consumer loans (auto, home, mortgage, professional, personal, education, hire purchase), agriculture and microfinance loans.
2. Fee-based Services: Transaction fees, service charges, ATM fees, card fees (VISA debit and credit cards), remittance services, locker facilities, and bank guarantee services.
3. Deposit Mobilization: Various deposit products including saving deposits, fixed deposits (6 months to 5 years), recurring deposits, call deposits, and current deposits.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Shine Resunga Development Bank is a national-level development bank providing a comprehensive suite of banking products and services. Its core offerings include deposit products (savings, fixed deposits, recurring, call, current), business loans (service, industrial, trading), consumer loans (auto, home, mortgage, personal, education, professional, hire purchase), and agriculture & microfinance loans. Digital services include the Digi Shine mobile banking platform, VISA debit/credit cards, virtual credit cards, POS terminals, QR payments, C-ASBA, bank guarantee, locker facilities, and remittance services.

Product overview

Shine Resunga Development Bank Limited is a national-level development bank headquartered in Butwal, Rupandehi, Nepal. The bank's product portfolio is organized into a unified digital banking platform supplemented by traditional banking services. The core digital offering is Digi Shine Mobile Banking, which serves as a single-window portal for mobile banking, account management, and online services. The bank offers a comprehensive suite of deposit products including multiple savings accounts (Shine Samriddhi Bachat Khata, Shine Unnati Bachat Khata, Shine Nari Bachat Khata, Shine Utsav Saving, Student Saving, and others), Fixed Deposits with maturities from 6 months to 5 years, Recurring Deposits, and Call/Current Deposits. On the lending side, the bank provides Business Loans (service, industrial, trading), Consumer Loans (auto, home, mortgage, professional, real estate, personal, education, hire purchase), and Agriculture & Microfinance Loans. Digital payment products include VISA Debit and Credit Cards, Virtual Credit Cards, POS terminals, Quick Response (QR) payments, and integration with digital wallets (Khalti, eSewa, Fonepay). Additional services include C-ASBA for IPO applications, Bank Guarantee services, Locker Facilities, Remittance Services, and an EMI Calculator tool.

Differentiator

Problem solved

Functional benefit

Brands

• Digi Shine: Mobile banking application for online banking services
• Shine Samriddhi Bachat Khata
• Shine Virtual Credit Card

Products and services

• Digi Shine Mobile Banking Online mobile banking portal offering digital banking services through a single window including mobile banking, CRN request, card request, online account opening, bill payment, QR request, fixed deposit, Demat, and dispute claims for retail and SME customers.
• VISA Debit Card
• VISA Credit Card
• Shine Virtual Credit Card
• POS (Point of Sale) Terminal Service
• Savings Deposits (Shine Samriddhi, Unnati, Nari, Utsav, Student, Salary, Professional, Senior Citizen, Baal, and other savings schemes)
• Fixed Deposits (6 Months to 5 Years)
• Recurring Deposits
• Call and Current Deposits
• Business Loans (Service Business, Industrial, Trading)
• Consumer Loans (Auto, Home, Mortgage, Personal, Education, Professional, Real Estate, Hire Purchase, Loan Against Share, Loan Against FDR)
• Agriculture & Microfinance Loans
• Online Account Opening
• Online Demat Account
• Quick Response (QR) Payment Service
• Bank Guarantee Service
• C-ASBA Service Compliant Application Supported by Blocked Amount system for processing IPO and share applications through the bank's digital platform.
• Locker Facility
• Remittance Service

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered core.

• F1softcoreTechnology or IntegrationF1soft provides the mobile banking technology infrastructure for Shine Resunga Development Bank's Digi Shine mobile banking application, available on Google Play and App Store.
• VISAcoreTechnology or IntegrationVISA provides debit and credit card services including VISA Debit Card, VISA Credit Card, and Shine Virtual Credit Card for the bank.
• eSewacoreTechnology or IntegrationeSewa provides digital payment integration allowing customers to link bank accounts with eSewa for seamless transactions.
• KhalticoreTechnology or IntegrationKhalti provides digital wallet integration for the bank, allowing customers to link their bank accounts with Khalti for online payments and transactions.
• CDSC (Central Depository and Clearing House)coreTechnology or IntegrationCDSC provides MeroShare integration for share dematerialization and trading services, allowing customers to access their share portfolios through the bank's digital platform.
• ConnectIPScoreTechnology or IntegrationConnectIPS provides payment system integration for interbank fund transfers and payments through the bank's digital channels.
• FonepaycoreTechnology or IntegrationFonepay provides QR payment infrastructure for bill payments and merchant transactions through the bank's digital channels.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Nepal Investment Mega Bank Limited: Large Nepal commercial bank formed through merger providing comprehensive banking services including SME lending and digital platforms — comparable in operating model and product portfolio.
• Sanima Bank Limited: Nepal commercial bank with national branch network offering comprehensive banking products including SME and consumer lending — closely comparable in business model and market positioning.
• Everest Bank Limited: Nepal commercial bank with nationwide branches providing deposits, loans, digital banking, and remittance services — comparable in operational scope and regulatory environment.
• Himalayan Bank Limited: Established Nepal commercial bank with nationwide branch and digital presence serving retail and SME customers — comparable in scale and product breadth to Shine Resunga's national-level operations.
• Kumari Bank Limited: Nepal commercial bank offering full-service banking with focus on SME, retail, and digital services — directly comparable given similar customer segments and product offerings.
• Nabil Bank Limited: One of Nepal's largest commercial banks with nationwide branch network and full banking services including SME, consumer, and digital banking — directly comparable to Shine Resunga's national-level banking operations.
• Nepal SBI Bank Limited: Nepal commercial bank with full-service banking including SME lending, digital platforms, and remittance services — comparable peer given similar regulatory environment and product portfolio.
• Citizens Bank International Limited: Nepal commercial bank with nationwide branch network serving retail, SME, and corporate customers — directly comparable in product mix, geography, and customer segments.
• Muktinath Bikas Bank Limited: National-level Nepal development bank with nationwide branches offering similar SME-focused banking products — the closest development bank peer given shared category, mandate, and target customer segments.
• NIC Asia Bank Limited: Major Nepal commercial bank offering deposits, loans, digital banking, and remittance services with national branch presence — a close peer given similar product breadth and customer segmentation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ShineResungaDevBankLtd
• LinkedInlinkedin.com/company/shine-resunga-development-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shine Resunga Development Bank