diff --git a/README.md b/README.md
index faa4fecba..8e08ba0b5 100644
--- a/README.md
+++ b/README.md
@@ -21,7 +21,7 @@ Red Hat OpenShift Container Platform 4.3 or newer installed on one of the follow
 
 ## Operator versions
 
- - 4.3.0
+ - 4.3.1
 
 ## Prerequisites
 
diff --git a/bundle/manifests/ibm-common-service-operator.clusterserviceversion.yaml b/bundle/manifests/ibm-common-service-operator.clusterserviceversion.yaml
index 8ac6a9eed..67fc6cf57 100644
--- a/bundle/manifests/ibm-common-service-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/ibm-common-service-operator.clusterserviceversion.yaml
@@ -26,9 +26,9 @@ metadata:
     description: The IBM Common Service Operator is used to deploy IBM Common Services
     nss.operator.ibm.com/managed-operators: ibm-common-service-operator
     nss.operator.ibm.com/managed-webhooks: ""
-    olm.skipRange: ">=3.3.0 <4.3.0"
+    olm.skipRange: ">=3.3.0 <4.3.1"
     operatorChannel: v4.3
-    operatorVersion: 4.3.0
+    operatorVersion: 4.3.1
     operators.openshift.io/infrastructure-features: '["disconnected"]'
     operators.operatorframework.io/builder: operator-sdk-v1.31.0
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
@@ -39,7 +39,7 @@ metadata:
     operatorframework.io/arch.ppc64le: supported
     operatorframework.io/arch.s390x: supported
     operatorframework.io/os.linux: supported
-  name: ibm-common-service-operator.v4.3.0
+  name: ibm-common-service-operator.v4.3.1
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -124,7 +124,7 @@ spec:
 
     ## Operator versions
 
-     - 4.3.0
+     - 4.3.1
 
     ## Prerequisites
 
@@ -482,7 +482,7 @@ spec:
       version: v1
   provider:
     name: IBM
-  version: 4.3.0
+  version: 4.3.1
   webhookdefinitions:
     - admissionReviewVersions:
         - v1
@@ -525,7 +525,7 @@ spec:
       type: ValidatingAdmissionWebhook
       webhookPath: /validate-operator-ibm-com-v3-commonservice
   relatedImages:
-    - image: icr.io/cpopen/common-service-operator:4.3.0
+    - image: icr.io/cpopen/common-service-operator:4.3.1
       name: COMMON_SERVICE_OPERATOR_IMAGE
     - image: icr.io/cpopen/cpfs/cpfs-utils:latest
       name: CPFS_UTILS_IMAGE
diff --git a/common/scripts/multiarch_image.sh b/common/scripts/multiarch_image.sh
index e42c52ddd..4e57d2eec 100755
--- a/common/scripts/multiarch_image.sh
+++ b/common/scripts/multiarch_image.sh
@@ -24,7 +24,7 @@ ALL_PLATFORMS="amd64 ppc64le s390x"
 IMAGE_REPO=${1}
 IMAGE_NAME=${2}
 VERSION=${3-"$(git describe --exact-match 2> /dev/null || git describe --match=$(git rev-parse --short=8 HEAD) --always --dirty --abbrev=8)"}
-RELEASE_VERSION=${4:-4.3.0}
+RELEASE_VERSION=${4:-4.3.1}
 MAX_PULLING_RETRY=${MAX_PULLING_RETRY-10}
 RETRY_INTERVAL=${RETRY_INTERVAL-10}
 # support other container tools, e.g. podman
diff --git a/config/manifests/bases/ibm-common-service-operator.clusterserviceversion.yaml b/config/manifests/bases/ibm-common-service-operator.clusterserviceversion.yaml
index 39875cdac..d909a87e5 100644
--- a/config/manifests/bases/ibm-common-service-operator.clusterserviceversion.yaml
+++ b/config/manifests/bases/ibm-common-service-operator.clusterserviceversion.yaml
@@ -11,7 +11,7 @@ metadata:
     nss.operator.ibm.com/managed-webhooks: ""
     olm.skipRange: ""
     operatorChannel: v4.3
-    operatorVersion: 4.3.0
+    operatorVersion: 4.3.1
     operators.openshift.io/infrastructure-features: '["disconnected"]'
     operators.operatorframework.io/builder: operator-sdk-v1.2.0
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v2
@@ -110,7 +110,7 @@ spec:
 
     ## Operator versions
 
-     - 4.3.0
+     - 4.3.1
 
     ## Prerequisites
 
@@ -186,7 +186,7 @@ spec:
   provider:
     name: IBM
   relatedImages:
-  - image: icr.io/cpopen/common-service-operator:4.3.0
+  - image: icr.io/cpopen/common-service-operator:4.3.1
     name: COMMON_SERVICE_OPERATOR_IMAGE
   - image: icr.io/cpopen/cpfs/cpfs-utils:latest
     name: CPFS_UTILS_IMAGE
diff --git a/testdata/deploy/deploy.yaml b/testdata/deploy/deploy.yaml
index 2089dc2c9..c1327746f 100644
--- a/testdata/deploy/deploy.yaml
+++ b/testdata/deploy/deploy.yaml
@@ -16,7 +16,7 @@ spec:
       annotations:
         description: The IBM Common Service Operator is used to deploy IBM Common Services
         operatorChannel: v4.3
-        operatorVersion: 4.3.0
+        operatorVersion: 4.3.1
     spec:
       affinity:
         nodeAffinity:
@@ -36,9 +36,9 @@ spec:
         - name: OPERATOR_NAME
           value: ibm-common-service-operator
         - name: IBM_CS_WEBHOOK_IMAGE
-          value: icr.io/cpopen/cpfs/ibm-cs-webhook:1.18.0
+          value: icr.io/cpopen/cpfs/:1.18.0
         - name: IBM_SECRETSHARE_OPERATOR_IMAGE
-          value: icr.io/cpopen/cpfs/ibm-secretshare-operator:1.19.0
+          value: icr.io/cpopen/cpfs/:1.19.0
         - name: IBM_ZEN_OPERATOR_IMAGE
           value: icr.io/cpopen/ibm-zen-operator:1.7.0
         image: siji/operator:cs
diff --git a/version/version.go b/version/version.go
index d494af857..58d53ca21 100644
--- a/version/version.go
+++ b/version/version.go
@@ -17,5 +17,5 @@
 package version
 
 var (
-	Version = "4.3.0"
+	Version = "4.3.1"
 )