I am configuring Oracle Database in fips compliant mode, but not able to find fips.ora, can someone please tell me do i need to create a new file or there is any default location?
Assuming you are on 11g, the fips.ora file is either located in the $ORACLE_HOME/ldap/admin directory, or is pointed to by the FIPS_HOME environment variable.
If it doesn't exist create it and add
SSLFIPS_140=TRUE
See http://docs.oracle.com/cd/B28359_01/network.111/b28530/asoappe.htm