1. Preheat oven to 350 degrees F. Lightly oil a 9x5 inch loaf pan and set aside. Mix together the flour, baking powder and salt.
2. In a food processor, combine bananas, milk, applesauce, sugar and vanilla. Process until you have a smooth consistency.
3. Add this to the flour mixture and mix well. Stir in the chocolate chips.
4. Transfer the batter to the oiled loaf pan. Bake until a toothpick inserted in the center comes out clean, about 50-60 minutes. Cool the loaf in the pan before removing it from the pan.
Source of recipe: I modified this from the "Vegan Planet" cookbook by Robin Robertson. The original recipe is titled "Banana-Split Tea Bread."