diff --git a/CHANGELOG.md b/CHANGELOG.md
index 990f9ccbb9..b2925d58d0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Version changelog
 
+## 1.48.1
+
+### New Features and Improvements
+* Fixed case sensitivity for principals in `databricks_grants` and `databricks_grant` ([#3708](https://github.com/databricks/terraform-provider-databricks/pull/3708)).
+
+
+### Documentation Changes
+* Update cluster policy doc ([#3707](https://github.com/databricks/terraform-provider-databricks/pull/3707)).
+
+
+### Internal Changes
+* Refactor some common functions for workspace bindings ([#3702](https://github.com/databricks/terraform-provider-databricks/pull/3702)).
+
+
 ## 1.48.0
 
 ### New Features and Improvements
diff --git a/common/version.go b/common/version.go
index 5dfcd0cfc8..5aa00967e6 100644
--- a/common/version.go
+++ b/common/version.go
@@ -3,7 +3,7 @@ package common
 import "context"
 
 var (
-	version = "1.48.0"
+	version = "1.48.1"
 	// ResourceName is resource name without databricks_ prefix
 	ResourceName contextKey = 1
 	// Provider is the current instance of provider