The euphoria caused by excessive liquidity can be scary Sandeep Bagla, CEO of Trust AMC The Trust group is the largest debt syndicators in the non-banking sector in India. However, Trust AMC is listed as the fifth largest if it includes bank-based AMCs. It has the highest NFO collection of all time in the âBanking and PSU Debt Fundâ category at Rs 580 crore. âWe are the only non-bank in the top five. We are the only non-bankers in the big boysâ club,â stated Sandeep Bagla, CEO of Trust AMC. âIn the last three-four years, I have only seen ICICI, HDFC, AXIS, and SBI in that list.â The company is the largest underwriter/ syndicator and, for the last 10 years, it is among the top five in corporate bonds, as per reports.