Shine Development Bank Ltd. was established in Butwal-Rupandehi, western Nepal's economic and industrial center, on Falgun 11, 2065 BS with service regions spanning three districts. After merging with Resunga Bikas Bank on 2069, Chaitra 4 from Gulmi Region, the development bank was renamed Shine Resunga Development Bank Ltd., and its service territories were expanded to ten districts. The development bank was further merged with Gaumukhi Bikas Bank from Pyuthan district on Jestha 29, 2073 BS. With acquisition of Bhaargav Bikas Bank and Purnima Bikas Bank on 2076, Ashwin 27 the development bank was upgraded to a national level development bank on 2076 Mangshir 10.
Shine Resunga Development Bank Limited also received the title of "Best Managed Development Bank 2022" at the 7th Newbiz Business Conclave and Awards organized by New Business Age.
Among the development banks operating in Nepal, Shine Resunga Development Bank has been making encouraging progress in many indicators. 5 years ago the size of the bank's total assets was 16.65 billion rupees which has increased to 50.67 billion rupees by the end of financial year 2078/79.
Shine Resunga Development Bank: An Exhilarating Journey from Past to Present
Board of Directors of the Bank
Currently, Thaneshwar Paudel is the chairman of the board of directors of the bank. Thaneshwar Paudel, who has accumulated experience in the automotive, educational and banking sectors, is also a successful businessman.
Similarly, other board members of the bank are Doctor Tara Prasad Upadhyay, Engineer Suraj Upreti, Mohan Chapagain, Birendra Bista, Namrata Bhandari and Gopal Prasad Pandey (independent director).
Top Level Management
Prakash Paudel is the chief executive officer of the bank. Paudel is also known in the banking community as a keen analyst and a banker with excellent leadership and managerial skills. Similarly, the Top Level management consists of Deputy Chief Executive Officer Lokraj Paneru. While the following bankers are performing their roles as department heads.
