Preheat your oven to 350°F (175°C) and prepare your 9x5 inch loaf pan by greasing it or lining with parchment paper.

In a large mixing bowl, combine all the dry ingredients: flour, baking powder, baking soda, cinnamon, nutmeg, and salt. Whisk thoroughly to blend.

In a separate bowl, mash the ripe bananas and whisk in eggs, grated carrots, and oil until well combined.

Gently fold the wet ingredients into the dry mixture until just combined, being careful not to overmix.

Pour the batter into the prepared loaf pan and smooth the top.

Bake for about 45 minutes, checking for doneness with a toothpick. It should come out with a few moist crumbs.

Allow the bread to cool in the pan for about 10 minutes before transferring to a wire rack.

Let it cool completely on the wire rack before slicing.

Serve warm or at room temperature, optionally with cream cheese spread.