Spray a bundt pan with nonstick cooking spray and preheat oven to 375 degrees.
Cut each biscuit into 6 pieces and place in a large bowl.
In a small bowl, whisk sugar and cinnamon together. Set aside.
Roll each piece of biscuit dough into a ball then roll in the cinnamon/sugar mixture.
Layer of bananas in the bottom of the pan and then add the coated biscuit dough pieces into prepared pan.
In a microwave safe bowl, mix brown sugar, butter, rum extract, banana extract, and cinnamon together. Heat in microwave until butter has melted. 30-40 seconds. Stir. Can add ingredients to a saucepan and cook over medium heat, if desired.
Pour liquid mixture over layered biscuits and bananas.
Bake in preheated oven for 45-60 minutes until golden brown or until knife inserted comes out clean.
Remove from oven and let cool for 10 minutes before inverting onto a large plate.
Carefully remove from pan, drizzle with caramel sauce, if desired, and enjoy.