diff --git a/patches/defconfig b/patches/defconfig
index adef5d8f008d31eb52a11753cf50cd68eee566d4..40edd73e5d2e0d2ce323f32d97f429b990ec06aa 100644
--- a/patches/defconfig
+++ b/patches/defconfig
@@ -1,6 +1,6 @@
 #
 # Automatically generated file; DO NOT EDIT.
-# Linux/arm 3.16.0-rc2 Kernel Configuration
+# Linux/arm 3.16.0-rc3 Kernel Configuration
 #
 CONFIG_ARM=y
 CONFIG_ARM_HAS_SG_CHAIN=y
diff --git a/patches/ref_omap2plus_defconfig b/patches/ref_omap2plus_defconfig
index d289ff75d0258f4225b7ed91f55b9b71a0ef3040..e9d57d4fc45c1d2fdce5ab0bc6e2d8d096eaae6f 100644
--- a/patches/ref_omap2plus_defconfig
+++ b/patches/ref_omap2plus_defconfig
@@ -1,6 +1,6 @@
 #
 # Automatically generated file; DO NOT EDIT.
-# Linux/arm 3.16.0-rc2 Kernel Configuration
+# Linux/arm 3.16.0-rc3 Kernel Configuration
 #
 CONFIG_ARM=y
 CONFIG_ARM_HAS_SG_CHAIN=y
@@ -456,6 +456,7 @@ CONFIG_MIGHT_HAVE_CACHE_L2X0=y
 CONFIG_CACHE_L2X0=y
 CONFIG_PL310_ERRATA_588369=y
 CONFIG_PL310_ERRATA_727915=y
+# CONFIG_PL310_ERRATA_753970 is not set
 # CONFIG_PL310_ERRATA_769419 is not set
 CONFIG_ARM_L1_CACHE_SHIFT_6=y
 CONFIG_ARM_L1_CACHE_SHIFT=6
diff --git a/version.sh b/version.sh
index 0d229e5111e6f21a42d621ac14c38f9efdf89949..33d2806005ecd0cdf67bd72639840ab684213002 100644
--- a/version.sh
+++ b/version.sh
@@ -26,7 +26,7 @@ toolchain="gcc_linaro_gnueabihf_4_9"
 
 #Kernel/Build
 KERNEL_REL=3.16
-KERNEL_TAG=${KERNEL_REL}-rc2
+KERNEL_TAG=${KERNEL_REL}-rc3
 BUILD=bone0
 
 #v3.X-rcX + upto SHA