Basu has held several key positions in various circles of State Bank of India including the Bank's office at Tokyo. He has also served as General Manager at the Bank's Mumbai circle and the mid corporate group at Ahmedabad as well as the Financial Institutions Group, International Banking at corporate centre, Mumbai.
His last assignment was chief general manager of the Delhi circle.
"The key focus for SBI Life Insurance would be to further tap the immense potential in the market and reach out to millions of Indians who do not have a risk cover," Basu said.