Indian stocks end lower; private banks lead fall

India's stock markets fell more than 1% on Tuesday, led by metals and private sector banks as traders and investors grew concerned after crude resumed its slide.

The broader Nifty ended 1.33% lower, while the benchmark BSE Sensex lost 1.15%.

Asian shares fell as crude oil prices slid on oversupply fears and after downbeat manufacturing data raised concerns about sluggish global economic growth.

The Reserve Bank of India kept its policy rate on hold at 6.75%, opting to wait until after the government's annual budget statement at end-February to decide on whether to cut interest rates further.