Problem found to be due to the stricter requirements of SSL Ciphers set by the DBAs.
1) Check if the file java.security file under jre\lib\security folder have BouncycastleProvider ( By default it should have it)
security.provider.2=org.bouncycastle.jce.provider.BouncyCastleProvider
3) Add the downloaded jar to jre/lib/ext folder
After making these changes, I could able to fetch new cipher suites that were not provided with the installer.
Java 1.8.0.112 supported cipher suites with bcprov jar added:
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SSL_DH_anon_EXPORT_WITH_DES40_CBC_SHA
SSL_DH_anon_WITH_3DES_EDE_CBC_SHA
SSL_DH_anon_WITH_DES_CBC_SHA
SSL_RSA_EXPORT_WITH_DES40_CBC_SHA
SSL_RSA_WITH_3DES_EDE_CBC_SHA
SSL_RSA_WITH_DES_CBC_SHA
SSL_RSA_WITH_NULL_MD5
SSL_RSA_WITH_NULL_SHA
TLS_DH_anon_WITH_AES_128_CBC_SHA
TLS_DH_anon_WITH_AES_128_CBC_SHA256
TLS_DH_anon_WITH_AES_128_GCM_SHA256
TLS_ECDHE_ECDSA_WITH_3DES_EDE_CBC_SHA
TLS_ECDHE_ECDSA_WITH_AES_128_CBC_SHA
TLS_ECDHE_ECDSA_WITH_AES_128_CBC_SHA256
TLS_ECDHE_ECDSA_WITH_AES_128_GCM_SHA256
TLS_ECDHE_ECDSA_WITH_NULL_SHA
TLS_ECDHE_RSA_WITH_3DES_EDE_CBC_SHA
TLS_ECDHE_RSA_WITH_AES_128_CBC_SHA
TLS_ECDHE_RSA_WITH_AES_128_CBC_SHA256
TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256
TLS_ECDHE_RSA_WITH_NULL_SHA
TLS_ECDH_ECDSA_WITH_3DES_EDE_CBC_SHA
TLS_ECDH_ECDSA_WITH_AES_128_CBC_SHA
TLS_ECDH_ECDSA_WITH_AES_128_CBC_SHA256
TLS_ECDH_ECDSA_WITH_AES_128_GCM_SHA256
TLS_ECDH_ECDSA_WITH_NULL_SHA
TLS_ECDH_RSA_WITH_3DES_EDE_CBC_SHA
TLS_ECDH_RSA_WITH_AES_128_CBC_SHA
TLS_ECDH_RSA_WITH_AES_128_CBC_SHA256
TLS_ECDH_RSA_WITH_AES_128_GCM_SHA256
TLS_ECDH_RSA_WITH_NULL_SHA
TLS_ECDH_anon_WITH_3DES_EDE_CBC_SHA
TLS_ECDH_anon_WITH_AES_128_CBC_SHA
TLS_ECDH_anon_WITH_NULL_SHA
TLS_EMPTY_RENEGOTIATION_INFO_SCSV
TLS_KRB5_EXPORT_WITH_DES_CBC_40_MD5
TLS_KRB5_EXPORT_WITH_DES_CBC_40_SHA
TLS_KRB5_WITH_3DES_EDE_CBC_MD5
TLS_KRB5_WITH_3DES_EDE_CBC_SHA
TLS_KRB5_WITH_DES_CBC_MD5
TLS_KRB5_WITH_DES_CBC_SHA
TLS_RSA_WITH_AES_128_CBC_SHA
TLS_RSA_WITH_AES_128_CBC_SHA256
TLS_RSA_WITH_AES_128_GCM_SHA256
TLS_RSA_WITH_NULL_SHA256
New ciphers are highlighted in bold.