I never use the basic thumbnails setting but I reset one of my galleries to take a peek.
To display captions I did the following from the main WordPress menu…
NextGen Gallery – Gallery Settings – Basic Thumbnails – Select View – Legacy
Then…
Legacy (Old) Templates – NextGEN Legacy:gallery-caption.php
It is important to note that each of your images must have a caption as this is what is displayed (not to be confused with the image title which does not display)
Hope this helps!