The other day, I happened to glance through a newspaper advertisement of a private bank offering personal loans. With these flashy advertisements and alluring promises, these banks offer various kinds of loans. Once a person falls in their trap, they make his life miserable by charging astronomical rate of mark up. The gullible public should not fall a prey to fraudulent schemes of these private banks and conserve their money themselves. -SUHAIL NASIR, via e-mail, May 21.