Add dry ingredients to the wet ingredients. Give it a quick mix till all the ingredients come together in a thick batter.
Transfer this batter to the prepared greased cake pan. Level it out with the spoon. Cover the cake pan with aluminum foil tightly around it. Place the cake pan over the IP trivet/stand. Gently hold it by its handles on the side and place it in the Inner Pot of the IP.
Close the Lid and set the floating valve to SEALING. Press Cake Button and set it on Normal Cake Mode & High Pressure. Set the timer for 45 minutes.
Important - If you do not have Cake Mode on your IP, then you can make it on Manual/Pressure Cook Mode on High/More setting for 50 minutes.
Once the timer goes off, follow NPR (Natural Pressure Release). As the safety valve drops down, open the lid. Take the trivet out with the cake pan holding by the handles. Carefully remove the aluminum foil, making sure that the condensation water on top of foil, does not drip inside the pan.
You might feel that the bread is slightly damp. In that case, you may either dab it with a kitchen paper towel or do what I do. I normally put my damp cakes in the oven under high broiler for 3-5 minutes, till the cake/bread looks dry and pretty.
Let it sit in the pan for 10 minutes before taking it out carefully. Pour Cinnamon Glaze over the Banana Bread evenly. The Instant Pot Banana Bread is ready to be savored.