Fail to mount NFS share with krb5p due to gssproxy error "Cannot create replay cache: No such file or directory"

Issue

• NFS Client fails to mount NFS share with krb5p option with error below:

# mount -v -t nfs -o rw,vers=4.2,sec=krb5p <NFS share> <mount point>
mount.nfs: timeout set for Wed Jun 15 07:11:37 2022
mount.nfs: trying text-based options 'vers=4.2,sec=krb5p,addr=<NFS Server IP>,clientaddr=<NFS Client IP>'
mount.nfs: mount(2): Permission denied
mount.nfs: access denied by server while mounting <NFS share>

• NFS Client can successfully mount the same NFS share without krb5p option.
• /var/log/messages is getting the log entry below per second:

Jun 15 15:02:02 <NFS Server> gssproxy: GSSX_RES_ACCEPT_SEC_CONTEXT( status: { 851968 <None> 2529639083 "Unspecified GSS failure. Minor code may provide more information" "Cannot create replay cache: No such file or directory" [ ] } context_handle: <Null> output_token: <Null> delegated_cred_handle: <Null> )