Why are they not correcting....Their P/E is very less and growing at good rate...But atleats a correction has to come isnt...??

I am looking for an Entry point in Following Stocks

Bank of India
IOB
Bank of baroda
Corp Bank
Canara Bank
OBC
Allahabad bank
Syndicate Bank

if you take a longer time period, say 5-10 years, private sector banks have outperformed the psu ones .. the psu ones grow at around 20% .. so these psu stocks are traded at conservative PE multiples of around 8-10 times .. may be thats why they dont fluctuate too much .. plus the ones that gave good results like indian bank, allahabad bank, etc are holding up well against the pressure ..

By 2010 FM said the face of Banking will change..Especially PSU....I am very bullish on them as they have a strong foothold in domestic presence and changin fm paper to wire mechanisms......