diff --git a/config/overlays/odh/params.env b/config/overlays/odh/params.env
index ae8de253e0..5c1784b887 100644
--- a/config/overlays/odh/params.env
+++ b/config/overlays/odh/params.env
@@ -1,4 +1,4 @@
 kserve-controller=quay.io/modh/kserve-controller@sha256:8036a74b9a850e3a1a6542f06c94695eb1e71d6a546c9a91a4c90463d3256b08
 kserve-agent=quay.io/modh/kserve-agent@sha256:f138ff146e43caccb5c18b8d46ec298eab4f71af8eb42bb3f1ff79fc17a47e73
 kserve-router=quay.io/modh/kserve-router@sha256:2b3835f9f7d93cfb8abdf71faad30751630cae66ae7b4842bc83c3e582944814
-kserve-storage-initializer=quay.io/modh/kserve-storage-initializer@sha256:27c80a8832fd4d23b347fe2ba22a1ad926b36d361fd4f7344179e84f94a5379b
+kserve-storage-initializer=quay.io/modh/kserve-storage-initializer@sha256:8baf618f7a4dc489b8bff187aea2ad23d8e63fc90e501f3ee47174b0af364032