Getting error "IndexError: tuple index out of range" while executing "yum update" or "subscription-manager" commands

Issue

• While updating a system using yum, it fails with traceback, "IndexError: tuple index out of range"
• yum fails with "IndexError: list index out of range"
• subscription-manager command did not finish properly with the following error

# subscription-manager register
Username: redhat
Password:
tuple index out of range