Bamboo likes water, but does not like to have its roots submerged for long periods of time. Also, while bamboo are good at stabilizing soil, the roots go down only about a foot, so, if you're needing deep roots, bamboo won't help much in this regard.

Do you have a photo to give us a better idea?

Here is a link that might be useful: Erosion control bamboo

You may check out these bamboos:

Tradewinds Bamboo For Erosion Control

Kt