Can i buy Bank stocks?

Market is going down. No sight of bottom. All the bank stocks are crashing due to multiple negative news around them.
Main reasons are

1. Due to Inflation , Repo & CRR rate hike by RBI.
2. NPA was raising due to high interest rates.

Should i wait or buy or sell? Valuations have become very attractive hence start the accumulation and add more when it goes down below

Here are my points to ask everyone to start buying the bank stocks

1. RBI hinted that they would be hold raising interest rates in next cycle.
2. Monsoon was very good and it should reduce the Inflation.
3. Our banks are very well controller by RBI unlike international banks. Hence even if Greek (PIGS) issue goes big, it won't affect banks

I would recommend buying the Large cap banks so that you have some stability in your portfolio, also they would with stand even during extreme times.

Name of the Bank	Current Price	Net Profit	Deposit Growth	Non Performing Asset
ICICI Bank	821	18.43%	19.54%	0.93%
Axis Bank	1057	17.44%	12.65%	0.34%
HDFC Bank	464.05	17.85%	16.22%	0.20%
SBIN	1798.35	10.82%	11.98%	2.04%
Bank of Baroda	775.85	16.08%	14.52%	0.47%

The above listed banks can give very good returns in the long term and also provide stability to your portfolio.