Lecture on Srimad Bhagavatam, Canto 8, Chapter 22, Text 3 by Prahladananda Swami.
I do not fear being deprived of all my possessions, living in hellish life, being arrested for poverty by the ropes of Varuna or being punished by You as much as I fear defamation.
Although Bali Maharaja fully surrendered to the Supreme Personality of Godhead, he could not tolerate being defamed for cheating a brahmana-brahmacari, Being quite alert in regard to his reputation, he thought deeply about how to prevent being defamed. The Lord, therefore, gave him the good counsel to prevent defamation by offering his head. A Vaishnava does not fear any punishment. Narayana-parah sarve na kutascana bibhyati (Bhag. 6.17.28).