New Delhi, May 5 -- India and Australia reinforced their dominance across cricket formats as the latest ICC annual rankings update is released.

India, who are the current T20 World Cup and the ODI Champions Trophy title holders, sit atop the rankings of both white ball formats while Australia is the number 1 ranked Test team.

The 'Men in Yellow' continue to lead the ICC Men's Test Team rankings with 126 rating points to their name, maintaining their position despite a reduced lead over second-placed England, who have improved to 113 rating points.

South Africa (111) and India (105) go down one spot each as they sit in third and fourth in the rankings, respectively.

New Zealand round of the top 5 with 95 rating points.

Australia will ...