India's RBL Bank Ltd. raised its dividend for the fiscal year ended March 31.

The bank's board recommended an annual dividend of 2.10 rupees per equity share, up from 1.80 rupees per share in the prior-year period, according to an April 27 earnings report.

The dividend will be paid on or after Aug. 9.

As of April 27, US$1 was equivalent to 66.69 Indian rupees.