Mandhana, who has 755 points, slipped to the number two spot after she missed India's recently concluded ODI series
India lead the table with 360 points and Australia are placed second with 296 points.
India's KL Rahul dropped a place to sixth but Virat Kohli retained his eighth place in the latest ICC men's T20 International rankings issued on Wednesday.
'He is a very, very good man and has those political skills. He has the right attitude and can keep things together and will do good job. And if you do a good job as BCCI chief in the future, who knows? But I would actually say the more important job, to be honest, is running BCCI. Being head of ICC is an honour, there is a lot that can be done by ICC, but actually look at the rankings, look at where the power is heading up. BCCI is definitely the bigger job'.
India are marginally ahead of third-placed New Zealand in the WTC points tally.
India captain Virat Kohli dropped one place to fifth despite his half-century against Pakistan for a lost cause in the ongoing T20 World Cup while team-mate KL Rahul slipped two slots to eighth in the ICC men's T20I Player rankings.
Mumbai Indians skipper Hardik Pandya has made his much awaited return to the field of cricket as he leads the Reliance 1 side in the DY Patil T20 tournament.
The Sri Lankan cricket team has a good opportunity to move ahead of India into the second place in the ICC ODI Championship table if they succeed in claiming the upcoming five-match ODI series against England comprehensively.
Virat Kohli, Shubman Gill and Mohammed Shami feature among the ODI Cricketer of the Year nominees.
All eyes will be on star India batter Virat Kohli, who is perhaps battling the biggest form crisis of his career.
The Jharkhand player has collected 1,000 runs from 33 ODIs at an average of nearly 50.
In the bowling department, pacer Mohammad Abbas (13th) and experienced leg-spinner Yasir Shah (24th), who have in the past, been ranked third and first, respectively, and left-arm fast bowler Shaheen Afridi (32nd) are other Pakistan players to watch.
India will be keen to go one step ahead and claim the title that has eluded them
India, who registered their first series victory in Australia at the turn of the year, finished with 116 points on the April 1 cut-off date, eight points ahead of New Zealand who finished second and took home $500,000.
India have dropped two points and one place to be at fourth position in the International Cricket Council Test team rankings.
Every player in this team is hungry for success: Babar Azam
Sri Lanka lead the standings with 100 PCT, having won both the Tests they have played in this cycle. They are followed by Australia, who have a PCT of 86.66.
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Cheteshwar Pujara was the highest-placed Indian batsman, climbing a rung to the sixth position, while Pragyan Ojha broke into the top-10 among bowlers after gaining one spot to be 10th in the latest ICC Test rankings issued on Monday.
Indian cricket team stands a chance of making big gains in terms of International Cricket Council (ICC) Test ranking if they manage to register a 3-1 victory over Australia in their ongoing four-match series.
Ajinkya Rahane has become India's highest-ranked Test batsman in the latest ICC Test Player Rankings after scoring two centuries in the 337 runs victory over South Africa in the fourth and final Test, at the Feroz Shah Kotla in Delhi, which gave the home side a 3-0 series triumph.
India can reclaim the top spot in the International Cricket Council ODI rankings if it blanks England 3-0 in the three-match series beginning on July 12.
India and England are due to play in Birmingham on June 30.
Former India captain Mithali Raj on Tuesday attributed the national team's underwhelming performance in the Women's T20 World Cup to lack of growth across departments over the past three years.
Shubman Gill has overtaken Pakistan captain Babar Azam as the World No 1 batter in ODIs.
India's hopes of breaking their ICC trophy drought after 2013, remained unfulfilled as Australia handed them a crushing loss at the WTC Final.
The Rohit Sharma-led Indian team consolidated its top position in the World Test Championship rankings following its 4-1 series win over England.
India captain Mithali Raj was on Thursday named in the ICC Women's ODI Team of the Year while left-arm spinner Ekta Bisht was the lone cricketer to find a place in the both the ODI and T20 Teams of the year announced by the world body.
Kohli has elevated one spot to secure the third position in the latest ODI Player Rankings
Australia's fast bowlers Mitchell Johnson, Doug Bollinger and Brett Lee, as well as Lasith Malinga of Sri Lanka, are the biggest movers in the Reliance ICC Player Rankings for ODI bowlers after stellar performances in the series which Australia won by 3-2 while Bangladesh's fast bowler Rubel Hossain has a achieved personal best in the series which his side lost 3-2 to Zimbabwe.
Claire Taylor of England, India captain Jhulan Goswami and Australia's Lisa Sthalekar are on top of the world in the Reliance Mobile ICC ODI Women's Rankings which were launched in Mumbai on Thursday. Thirty-three-year-old Taylor spearheads a strong field of six England batters in the top 20 while fast bowler Jhulan leads the bowlers' chart and Sthalekar is just ahead of her team-mate Shelley Nitschke in the all-rounders' listing.
India opener Shubman Gill's reign at the top of the ODI batters' list was short-lived as he was replaced by former Pakistani skipper Babar Azam in the ICC Player Rankings issued on Wednesday.
'Pathum Nissanka is easily one of the best batters to have come out of Sri Lanka in the recent past and he has delivered once again,' he tweeted with an applause emoji.
England retained the number one spot in the ICC Test rankings after their eight-wicket victory over Sri Lanka in Colombo resulted in the two-match series ending in a 1-1 draw on Saturday.
South Africa returned to the top of the ICC ODI Team Rankings.
Kane Williamson is the second New Zealand batsman after Glenn Turner to top the ICC Player Rankings for Test batsmen following a man of the match performance in the Hamilton Test against Sri Lanka, which helped the home side win by five wickets and take the series 2-0.
Test team rankings after the latter managed to salvage a draw in the final Test against New Zealand in Auckland on Tuesday.
Images from the 1st ODI between India and Sri Lanka in Colombo on Friday.
