Feroze Azeez discusses the high spreads in the debt market, SEBI's focus on management responsibility, the importance of robust processes in AMCs, and the benefits of reducing NCD investment size for retail investors. Azeez says: "If it is Rs 10,000, you can buy maybe five different corporates 20,000 each in the form of two debentures. So, I personally welcome this move from a perspective not just making it affordable, making it diversified becomes a very-very important collateral benefit of this move."