Toronto-Dominion Bank (TD) - Get Report CEO Bharat Masrani said today that the bank does not have a "widespread problem" of aggressive sales practices, according to the Financial Post.

The statement comes as media reports alleges the bank of having a high-pressure sales environment and fostering unethical employees.

Masrani and his leadership team spoke with their colleagues across the country after the CBC News report, published earlier this month, alleged that the bank has unethical practices.

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"The experiences expressed by some of our colleagues concern me - they go against the very fiber of our culture.... While we have sales goals to help manage our business, people behaving unethically in order to achieve these goals would be inconsistent with who we are as an institution, and I don't believe we have a widespread problem of that type of behavior," Masrani said.