• Roopa. M.

Poverty alleviation and robust economic growth have been the twin objectives of any nation. Many academicians and policy makers have started looking at financial inclusion as a panacea to achieve the above said twin objectives. A large segment of India’s population are left out of the ambit of banking services due to plethora of issues which exists in the conventional banking system. It is ironical to state that more than one third of the total population in underdeveloped countries are still excluded from the ambit of banking services. Many research studies conducted in this direction infer that, bringing those financially excluded population, under the banking ambit, results in not only individual welfare and results in social welfare too. From past almost one decade, the G-20 countries and the World Bank have led the initiative for increased financial inclusion in developing countries to help reduce poverty levels in developing and emerging economies. Digital finance can help in reducing time, increasing the transaction’s accuracy and make faster transactions. Today, Digital finance and financial inclusion bring multi faceted benefits to financial service users, digital finance providers, governments and the economy such as increasing access to finance among poor individuals, reducing the cost of financial intermediation for banks. One area where the disparity is quite pervasive and is receiving increased attention is digital financial inclusion, financial data inclusion and digital finance. Therefore, this study examines the impact of digital finance and analyses its relevance in bringing out financial stability. This research article provides a detailed discussion on digital finance and explores the impact of digital finance for financial inclusion and financial system stability - an issue which has not been addressed in the earlier studies.

Financial literacy, Digital Finance, Stability, Performance

"Financial stability through digital finance and mobile banking: An Analysis", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 3, page no.a280-a285, March-2023, Available :http://www.jetir.org/papers/JETIR2303037.pdf

"Financial stability through digital finance and mobile banking: An Analysis", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 3, page no. ppa280-a285, March-2023, Available at : http://www.jetir.org/papers/JETIR2303037.pdf