tathāpi - although there was no fault on the part of Bali Mahārāja; vadataḥ - because of your order; bhūman - O Supreme; kariṣyāmi - I must execute; anuśāsanam - because it is Your order; etat - this is; śreyaḥ - that which is the most auspicious; param - supreme; puṁsām - of all persons; yat - because; tava ājñā-anupālanam - to obey Your order.

Lord Viṣṇu, I must nonetheless act in obedience to Your order because obeying Your order is most auspicious and is the first duty of everyone.