diff --git a/deploy/ibmCloud/kustomization.yaml b/deploy/ibmCloud/kustomization.yaml
index 0109da16..acc9f122 100644
--- a/deploy/ibmCloud/kustomization.yaml
+++ b/deploy/ibmCloud/kustomization.yaml
@@ -17,7 +17,7 @@ images:
 #   newTag: v4.6.1
 - name: csi-provisioner-image
   newName: k8s.gcr.io/sig-storage/csi-provisioner
-  newTag: v5.1.0
+  newTag: v5.3.0
 - name: cos-driver-image
   newName: icr.io/ibm/ibm-object-csi-driver
   newTag: v0.1.16
diff --git a/deploy/ibmUnmanaged/kustomization.yaml b/deploy/ibmUnmanaged/kustomization.yaml
index 9098a850..72d08005 100644
--- a/deploy/ibmUnmanaged/kustomization.yaml
+++ b/deploy/ibmUnmanaged/kustomization.yaml
@@ -11,7 +11,7 @@ images:
 #   newTag: v4.6.1
 - name: csi-provisioner-image
   newName: k8s.gcr.io/sig-storage/csi-provisioner
-  newTag: v5.1.0
+  newTag: v5.3.0
 - name: cos-driver-image
   newName: quay.io/containerstorage/ibm-object-csi-driver
   newTag: v0.1.16