Preheat your oven to 350°F (175°C).
Grease your 9x5 inch loaf pan with butter or cooking spray.
In a large mixing bowl, whisk together the all-purpose flour, baking soda, salt, ground nutmeg, and ground cinnamon. Set aside.
In another bowl, mix the melted butter, canola oil, light brown sugar, granulated sugar, and eggs until well combined. Add the vanilla extract, milk, honey, and mashed bananas. Whisk until smooth and creamy.
Pour the wet mixture into the bowl with the dry ingredients. Using a rubber spatula, gently fold the ingredients together until just combined. Be careful not to overmix; a few lumps are okay!
Transfer the batter into the prepared loaf pan. Smooth the top with your spatula.
Place the loaf pan in the preheated oven and bake for 55-65 minutes, or until a toothpick inserted into the center comes out clean.
Once baked, remove the banana bread from the oven and let it cool in the pan for about 10 minutes. Then, carefully transfer it to a cooling rack to cool completely.
