English Translation
I was banking on him to help me.
‘Banking’??? ‘Louttaa’ here means ‘to rely on’ or ‘to count on’.
That is indeed what “bank on” means.
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Fair point. Meriam-Webster also supports you.
https://www.merriam-webster.com/dictionary/bank%20on
I will put my prejudice down to not remembering that expression from the time I lived in the UK.