In a medium bowl, combine pudding mix, water, sweetened condensed mil. Mix well.
Blend in peanut butter and place in the refrigerator to chill for a few minutes
In another bowl, whip 1 cup of cream until soft peaks form. Fold into the pudding mixture and return to the refrigerator
Slice bananas and layer on bottom of crusts. Be sure to save the plastic pie crust lids
Divide the pudding mixture between the two pie crusts.
Whip the remaining cream with powdered sugar until soft peaks form, then spread on top of two pies.
Close each with a plastic pie crust lid and refrigerate for several hours.