57-year-old Bassi, a 1977 IPS batch officer and currently serving as Special Commissioner (Administration), will succeed incumbent Neeraj Kumar who will retire on July 31 after a tumultuous two-year tenure.
He will be the 20th Commissioner of Delhi Police.
Bassi served Delhi Police in various capacities including as Special Commissioner (Traffic), special commissioner (Vigilance), joint commissioner (Southern Range) and additional commissioner (Northern Range). He was also Director General of Goa Police.
The senior IPS officer of AGMU (Arunachal Pradesh-Goa- Mizoram-Union Territories) cadre, is due to retire from service in February 2016.
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Kumar had come under severe criticism after the December 16 gangrape of a 23-year-old which triggered widespread anger across the country.
Delhi Chief Minister Sheila Dikshit had slammed Kumar for the way Delhi Police handled the protests in the city in the wake of the brutal gangrape and even demanded his resignation.
Kumar had also come under severe criticism following rape of a five-year-old girl in Gandhi Nagar area of North East Delhi in April.
Director General (Investigation) at the National Human Rights Commission (NHRC) Kanwaljit Deol and Tihar Director General Vimla Mehra were in contention for the top Delhi police post.