Recent correction in bank stocks in the wake of the rise in COVID cases provide a good entry point for long-term investors. We expect loan growth to rise and market share shift from PSUs. Sharp fall in credit costs (despite rise in COVID cases) to be the key earnings driver. Brace for above-average return ratios driven by sharp fall in credit costs/growth revival from FY22F. Our top picks are Axis Bank, ICICI and SBI.