'There is a huge appetite for Indian paper'

You have emerged as a top player in the debt syndication space...

I am very proud of how the team has taken us to the leadership position both on the offshore and local side. Especially in the equity capital markets. There are challenges and responsibilities of being on the top of the pyramid of both the debt and equity markets. On the positive side, since you have added value to clients the chances are that a lot of the repeat business would come to you. By default you become the port of call by clients.

In many ways if you are at the edge of the periphery you tend to be short of the best talent, but if you are sitting with market leader, you have the advantage of the best talent working for you.

The downside is that the fire in the belly or the passion to perform would somewhere start diminishing as people start taking the leadership for granted. The downside is that you are judged against a benchmark which is high-water mark.

How do you assess the foreign risk appetite for both Indian debt and equity?

From a global debt capital point of view, there is a huge appetite for Indian paper. Till this point we have seen Indian banks

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