Inserting Link Issue with Redactor

I am using Statamic v2.11.19 and have created content blocks fields using Bard, Redactor and other field types. Problem is that while inserting a link, it's not adding href element in Redactor. This problem is occurring all the places where I have used Redactor field i.e link are rendering like <a>Link Title</a>. I tried to investigate much over it but couldn't find the issue. Could you please help me.

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