diff --git a/charts/service-binding-operator/Chart.yaml b/charts/service-binding-operator/Chart.yaml
index ef3797e386..7a60d65a9a 100644
--- a/charts/service-binding-operator/Chart.yaml
+++ b/charts/service-binding-operator/Chart.yaml
@@ -2,8 +2,8 @@ apiVersion: v2
 name: service-binding-operator
 description: A Helm chart to deploy service binding operator
 type: application
-version: 1.1.0
-appVersion: "1.2.0"
+version: 1.3.0
+appVersion: "1.3.0"
 kubeVersion: ">= 1.19.2-0"
 icon: https://raw.githubusercontent.com/redhat-developer/service-binding-operator/master/assets/icon/sbo-logo.png
 keywords:
diff --git a/charts/service-binding-operator/templates/deployment.yaml b/charts/service-binding-operator/templates/deployment.yaml
index 45db132722..f2477ddf80 100644
--- a/charts/service-binding-operator/templates/deployment.yaml
+++ b/charts/service-binding-operator/templates/deployment.yaml
@@ -29,7 +29,7 @@ spec:
         - --zap-log-level=info
         command:
         - /manager
-        image: "{{.Values.image.repository}}/servicebinding-operator@sha256:f79f6999a15534dbe56e658caf94fc4b7afb5ceeb7b49f32a60ead06fbd7c3fc"
+        image: "{{.Values.image.repository}}/servicebinding-operator@sha256:e01016cacae84dfb6eaf7a1022130e7d95e2a8489c38d4d46e4f734848e93849"
         imagePullPolicy: {{.Values.image.pullPolicy}}
         securityContext:
           allowPrivilegeEscalation: false