Hi,
I am trying to get a file name only. Could anyone help me on the same.
Meaning I have a file say list.out which holds below output
./xyz/abc.txt
./xyz/hij.txt
I want an output as below
abc.txt
hij.txt
i.e I want to delete everything before abc.txt
Please help me out if any one has the ans.

Please use a more useful title next time. This cannot possibly be that urgent - i.e., your system will not crash if you don't know how to do this.

The command you want is basename

>echo basename /path/to/file/file.txt
file.txt
>

xargs -n1 < list.out basename
abc.txt
hij.txt

cat list.out | awk -F "/" '{print $3}'

Awk is incredibly much faster (more noticeable for larger list.out files) - and handles filenames with spaces, but I'd change it slightly

awk -F/ '{print $NF}' list.out

sed "s+.*/++" list.out