Residuary Non-Banking Company (RNBC) is a type of NBFC whose
principal business is of receiving of deposit’s, under any scheme/arrangement/some other manner & is not an investment Company,Asset Financing Company or Loan Company. They are required to maintain investments and liquid assets as required by RBI.
Their functioning is quite different from those of NBFCs in terms of how they mobilize deposits and the requirement of deployment of depositors funds as per RBI Directions. Besides, Prudential Norms Directions apply to them also.