diff --git a/README.md b/README.md
index 4d95e3d34..e64dbfdad 100644
--- a/README.md
+++ b/README.md
@@ -12,7 +12,7 @@ lifecycle of Google Compute Engine Persistent Disks.
 ## Project Status
 
 Status: GA
-Latest stable image: `gcr.io/gke-release/gcp-compute-persistent-disk-csi-driver:v1.1.0-gke.0`
+Latest stable image: `gcr.io/gke-release/gcp-compute-persistent-disk-csi-driver:v1.2.0-gke.0`
 
 ### Test Status
 
diff --git a/deploy/kubernetes/images/stable/image.yaml b/deploy/kubernetes/images/stable/image.yaml
index 2142d3a40..5814e03aa 100644
--- a/deploy/kubernetes/images/stable/image.yaml
+++ b/deploy/kubernetes/images/stable/image.yaml
@@ -51,5 +51,5 @@ imageTag:
   name: gke.gcr.io/gcp-compute-persistent-disk-csi-driver
   # Don't change stable image without changing pdImagePlaceholder in
   # test/k8s-integration/main.go
-  newTag: "v1.1.0-gke.0"
+  newTag: "v1.2.0-gke.0"
 ---