Network latency observed during local Oracle database connection on Red Hat Enterprise Linux

Solution Verified - Updated -

Issue

Huge network latency observed during database connection.

Attempt connection to database using SQL (locally) takes at least 4 seconds to get the prompt.

Example:

oraznm@hostname - PMMW - /hostname/u01/app/oracle/admin   <<< Standby >>>
>  sqlplus "/as sysdba"

SQL*Plus: Release 11.2.0.2.0 Production on Mon Jul 15 10:06:05 2013

Copyright (c) 1982, 2010, Oracle.  All rights reserved.

--- Four (4) second delay ---

Connected to:
Oracle Database 11g Enterprise Edition Release 11.2.0.2.0 - 64bit Production
With the Partitioning, Automatic Storage Management, OLAP, Data Mining
and Real Application Testing options

SQL> quit

Environment

Red Hat Enterprise Linux (RHEL)

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