On December 2, the Reserve Bank of India officials meet to decide on the Monetary Policy. Banking stocks witnessed a frantic rally on Friday with select government banking stocks rallying as much as 6 per cent. Here are a few banking stocks that you could bet on ahead of the Credit Policy.

Syndicate Bank

Syndicate Bank has had better control over its non performing assets in the past. The EPS of the Company for the quarter ending Sept 30 was Rs 5. If you annualise the same one can expect an EPS of Rs 20. The stock is trading at just Rs 130, which is trading at just 6.5 price to earnings multiple. The price to book value is a mere 0.69. Looks a super bet at the current levels.

Bank of India

Bank of India reported a decent set of numbers for the quarter ending Sept 2014. Based on these numbers the bank's EPS worked out to Rs 12.24. One can thus expect a full year EPS of Rs 50, taking the current price to earnings multiple to below 6 on a price of Rs 287.

Union Bank of India

Union Bank of India is also a good bet at the current market price of Rs 214. The price to book value of the stock is under 0.75 and the price to earnings multiple is just 7. The stock has the potential to rally further as it already has a 52-week high of 259.

Oriental Bank of Commerce

Oriental Bank of Commerce saw a super rally on Friday. The price to book value is under 0.70 times making it attractively valued. The stock is a good bet at the current levels of Rs 309.

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