Coat a 10 inch tube pan with butter or cooking spray.
Combine the flour, baking powder, salt, and nutmeg in a bowl. Stir well.
Combine the mashed bananas, milk, and water in a bowl.
Beat the butter in a large bowl until light and fluffy. Gradually add the sugar and vanilla extract and beat the mixture until well blended. Add the eggs, 1 at a time, beating well after each egg. Add the flour mixture to the mixing bowl alternately with the banana mixture, beating at a low speed, beginning and ending with the flour mixture.
Pour batter into prepared pan
Bake for 1 hour or until a wooden pick inserted in center comes out clean.
Cool in pan for about 10 minutes. Remove from pan and cool on wire rack.
Notes
*You can replace the water with ½ cup of banana liqueur for a boost of banana flavor.
Recipe by Let's Be Yummy at http://letsbeyummy.com/2014/04/28/banana-pound-cake-gluten-free-recipe/