Arijit Basu has taken over as Managing Director and CEO of SBI Life Insurance, from Atanu Sen, who retired on July 31, 2014, said the company in a release issued on Wednesday.
A graduate in Economics and MA in History, Basu started his career with State Bank of India in 1983 as a Probationary Officer.
He has over three decades of experience in the banking sector.
A Certified Associate of the Indian Institute of Bankers, Basu has held several key positions in various circles of State Bank of India, including the bank’s office at Tokyo. His last assignment was as 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 risk cover. For us it is important to build on the trust that the Group and the company enjoys.” said Basu.