NEPSE sector
Development banks listed on NEPSE.
Class B banks: regional lenders, smaller than the commercial banks.
Close · 24 September 202616 companies, 11 other listed securities, 81 delisted or suspended
- Companies
- 16
- 5.7% of NEPSE’s listed companies
- Market value
- Rs 19,812 cr
- 4.4% of the exchange
- At the close
- +0.02%
- 6 rose, 10 fell, of 16 traded
- One year
- −2.5%
- Price, weighted by value
- Median yield
- 2.94%
- 7 of 16 paid cash in 12 months
What actually moves these companies
Development banks lend in the districts and towns the commercial banks reach less deeply, under the same Nepal Rastra Bank licence regime one class down.
This sector has been consolidated harder than any other. Far more of its symbols are delisted than listed, most of them absorbed into a commercial bank or merged into a larger development bank.
Worth knowing: A merger is not a market event you can trade after the fact. If you hold shares in a bank being absorbed, the swap ratio decides what you end up with, so read the notice rather than the price chart.
The 27 listed securities here are Corporate Development Bank Limited (CORBL), Excel Development Bank Ltd. (EDBL), Garima Bikas Bank Limited (GBBD85), Garima Bikas Bank Limited (GBBL), Green Development Bank Ltd. (GRDBL), Garima Bikas Bank Limited (GSY), Jyoti Bikas Bank Limited (JBBD87), Jyoti Bikas Bank Limited (JBBL), and 19 more listed below. That is 5.7% of the 280 companies listed on NEPSE.
The sector at a glance
- Listed securities
- 27
- Instrument mix
- 16 equity, 8 non-convertible debentures, 2 mutual funds, 1 preference shares
- Regulator
- Nepal Rastra Bank
- Delisted or suspended
- 81
- Largest company
- GBBL
The largest companies
By market value, with each one’s share of the sector.
The year’s best and worst
One-year price return, adjusted for bonus shares. The 6 highest and 6 lowest in the sector.
Every development banks company
16 companies with a price. Select a heading to sort; each symbol opens its stock page.
| GBBLGarima Bikas Bank Limited | 454.00 | +0.67% | +24.0% | 3.20% | 2,734 |
|---|---|---|---|---|---|
| MNBBLMuktinath Bikas Bank Ltd. | 337.00 | −0.30% | −26.2% | none | 2,696 |
| SHINEShine Resunga Development Bank Ltd. | 433.00 | +0.91% | +12.6% | 4.62% | 2,175 |
| LBBLLumbini Bikas Bank Ltd. | 484.40 | −0.31% | −5.2% | none | 1,755 |
| KSBBLKamana Sewa Bikas Bank Limited | 448.00 | −0.49% | −5.7% | 3.35% | 1,730 |
| MLBLMahalaxmi Bikas Bank Ltd. | 356.20 | −1.06% | −2.4% | 1.51% | 1,607 |
| SADBLShangrila Development Bank Ltd. | 404.50 | −1.71% | +7.7% | 2.94% | 1,571 |
| JBBLJyoti Bikas Bank Limited | 351.90 | +1.03% | +7.0% | none | 1,547 |
| EDBLExcel Development Bank Ltd. | 575.00 | +2.13% | −9.3% | none | 719 |
| MDBMiteri Development Bank Limited | 560.00 | +0.88% | −8.5% | 1.79% | 682 |
| GRDBLGreen Development Bank Ltd. | 960.00 | −0.52% | −6.9% | 0.04% | 591 |
| SAPDBLSaptakoshi Development Bank Ltd | 605.00 | −0.17% | −28.7% | none | 505 |
| SABBLSalapa Bikas Bank Limited | 871.00 | −0.22% | n/a | none | 455 |
| CORBLCorporate Development Bank Limited | 795.10 | −0.86% | −60.8% | none | 417 |
| NABBCNarayani Development Bank Limited | 751.80 | +0.91% | −8.3% | none | 395 |
| SINDUSindhu Bikash Bank Ltd | 417.90 | −0.14% | −44.2% | none | 233 |
Other listed securities
Debentures, fund units and other instruments listed in the sector, from the registry as of 26 September 2026.
| Symbol | Instrument | Website |
|---|---|---|
| GBBD85Garima Bikas Bank Limited | Non-Convertible Debentures | garimabank.com.np |
| GSYGarima Bikas Bank Limited | Mutual Funds | garimabank.com.np |
| JBBD87Jyoti Bikas Bank Limited | Non-Convertible Debentures | |
| KSBBLD87Kamana Sewa Bikas Bank Limited | Non-Convertible Debentures | kamanasewabank.com |
| KSBBLPNPKamana Sewa Bikas Bank Limited | Preference Shares | kamanasewabank.com |
| LBBLD89Lumbini Bikas Bank Ltd. | Non-Convertible Debentures | lumbinibikasbank.com |
| MLBLD89Mahalaxmi Bikas Bank Ltd. | Non-Convertible Debentures | mahalaxmibank.com |
| MND84/85Muktinath Bikas Bank Ltd. | Non-Convertible Debentures | |
| MNMF1Muktinath Bikas Bank Ltd. | Mutual Funds | |
| SDBD87SHANGRI-LA DEVELOPMENT BANK LIMITED | Non-Convertible Debentures | shangrilabank.com |
| SHINEDSHINE RESUNGA DEVELOPMENT BANK LTD | Non-Convertible Debentures | srdb.com.np |
No longer trading
Suspended or delisted. Most Nepali delistings are mergers: shareholders were issued shares in the listed survivor.
- KRBL Suspended
- ACEDBL Delisted
- ALDBL Delisted
- APEX Delisted
- ARDBL Delisted
- AXIS Delisted
- BBBL Delisted
- BBBLN Delisted
- BGDBL Delisted
- BHBL Delisted
- BLDBL Delisted
- BRTBL Delisted
- BUDBL Delisted
- CEDBL Delisted
- CIVIC Delisted
- CNDBL Delisted
- CSDBL Delisted
- DBBL Delisted
- EKBL Delisted
- GABL Delisted
- GDBL Delisted
- GDBL1 Delisted
- GDBNL Delisted
- GSDBL Delisted
- GULMI Delisted
- HAMRO Delisted
- IDBL Delisted
- INDB Delisted
- INDBL Delisted
- JHBL Delisted
- KADBL Delisted
- KBBL Delisted
- KCDBL Delisted
- KDBL Delisted
- KEBL Delisted
- KHDBL Delisted
- KKBL Delisted
- KNBL Delisted
- MBBL Delisted
- METRO Delisted
- MGBL Delisted
- MIDBL Delisted
- MLBL1 Delisted
- MMDBL Delisted
- MSBBL Delisted
- MTBL Delisted
- NCDB Delisted
- NCDBL Delisted
- NDB Delisted
- NGBL Delisted
- NIDC Delisted
- ODBL Delisted
- PADBL Delisted
- PBSL Delisted
- PDB Delisted
- PDBL Delisted
- PGBL Delisted
- PRBBL Delisted
- PRBL Delisted
- PRDBL Delisted
- PURBL Delisted
- RARA Delisted
- RBBBL Delisted
- RBSL Delisted
- RDBL Delisted
- REDBL Delisted
- SAJHA Delisted
- SBBLJ Delisted
- SDBL Delisted
- SEWA Delisted
- SHBL Delisted
- SKDBL Delisted
- SODBL Delisted
- SUBBL Delisted
- SUPRME Delisted
- TBBL Delisted
- TDBL Delisted
- TMDBL Delisted
- TNBL Delisted
- UBBL Delisted
- WDBL Delisted
The rest of the market
A sector is only worth reading against the others.
About development banks on NEPSE
- How many development banks are listed on NEPSE?
- 16 development banks are listed and trading on the Nepal Stock Exchange, alongside 11 other listed securities in the sector such as debentures and fund units. That count is from the exchange's registry as of 26 September 2026.
- Which is the largest development banks company on NEPSE?
- By market value at the 24 September 2026 close, Garima Bikas Bank Limited (GBBL) at Rs 2,734 cr, 13.8% of the sector's Rs 19,812 cr. Over the last year the best price return in the sector was GBBL, +24.0% (adjusted for bonus shares).
- What moves development banks share prices in Nepal?
- This sector has been consolidated harder than any other. Far more of its symbols are delisted than listed, most of them absorbed into a commercial bank or merged into a larger development bank. A merger is not a market event you can trade after the fact. If you hold shares in a bank being absorbed, the swap ratio decides what you end up with, so read the notice rather than the price chart.
- Which development banks have been delisted from NEPSE?
- 81 symbols in this sector are no longer trading, including KRBL, ACEDBL, ALDBL, APEX, ARDBL, AXIS. Most Nepali delistings are mergers rather than failures: the company was absorbed into another listed institution and its shareholders were issued shares in the survivor.
Also: the heat map, the screener and the full registry.
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