State Bank of India will soon open a branch in Tel Aviv, official sources said in Jerusalem on Monday.

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Top SBI officials had approached the Bank of Israel Governor David Klein with the proposal during the International Monetary Fund conference held in Dubai in September.

However, a formal request to the governor of the Bank of Israel will be submitted in the coming days.

The sources told PTI that it is unclear at this stage whether a representative office or a full-fledged branch of the bank will be established.

Routine examination of the bank's credentials may take between three to five months before authorization is granted, said a spokesman for the Bank of Israel, adding that delay in the procedure is unlikely.