Hi Esenthel,
I saw a menu not for just individual asset, but for the folders. My question is, does the folder Reload cause reloading of all child assets? Like reload on Assets folder should result reloading of all elements under here?

(for example I have materials in folder, would be fine if I just press Reload on this folder and all color, specular, bump, etc maps will be updated).

thanks
Gabor

No, that does not include child elements.
But you can select multiple elements, and then right click on them and then do reload, they will all get reloaded.