The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.

South Korea’s central bank cut its base rate and lowered its growth forecast for this year, as it resumed easing to support a sagging economy.

The Bank of Korea lowered interest rates by a quarter of a percentage point on Tuesday, steering Asia's fourth-largest economy away from restrictive monetary policy towards a neutral stance amid mounting growth concerns.

India's central bank said on Monday it would allow depositors of troubled New India Co-operative Bank to withdraw up to 25,000 rupees (about $290) from their accounts. The RBI on Feb. 13 barred the lender from issuing new loans,

The Reserve Bank of India (RBI) has allowed depositors of New India Cooperative Bank to withdraw up to 25,000, easing restrictions imposed earlier due to supervisory concerns. This decision comes over a week after the RBI dissolved the bank's board.

RBI allowed the account holders of New India Co-operative Bank to withdraw up to Rs 25,000, which has given a big relief to the bank customers. The Reserve Bank of India (RBI) has allowed the depositors of Mumbai-based New India Co-operative Bank Limited to withdraw up to Rs 25,