Earlier, the MF industry was required to implement the rule from April 1.
The MFIs said the sector is facing a few challenges in terms of higher credit costs and access to low-cost long term funds.
The industry closed the first six months of the current fiscal with asset growth of only five per cent, rating agency ICRA said.
Chandigarh, Haryana, Uttar Pradesh and Odisha have entered the semifinals of the Hockey India Junior Men's National Championship after trouncing their respective opponents.
Arohan Financial Services was already feeling the heat as the demonetisation exercise was having a telling effect on its financials.