diff --git a/BUILD b/BUILD
index fcd1bcd8fbe..9157f5af0f4 100644
--- a/BUILD
+++ b/BUILD
@@ -78,7 +78,7 @@ g_stands_for = "godric"
 
 core_version = "7.0.0"
 
-version = "1.20.0"
+version = "1.20.1"
 
 GPR_PUBLIC_HDRS = [
     "include/grpc/support/alloc.h",
diff --git a/build.yaml b/build.yaml
index 7520f9de6f7..f647e423749 100644
--- a/build.yaml
+++ b/build.yaml
@@ -14,7 +14,7 @@ settings:
   '#10': See the expand_version.py for all the quirks here
   core_version: 7.0.0
   g_stands_for: godric
-  version: 1.20.0
+  version: 1.20.1
 filegroups:
 - name: alts_proto
   headers: