NEW DELHI: The consolidation of vote in favour of Mahagathbandhan was complete and we were wrong in our assessment on that count, finance minister Arun Jaitley said on Monday."Our assessment that grand alliance constituents will not be able to transfer their votes to each other was incorrect," Jaitley said briefing reporters after the party's parliamentary board reviewed the Bihar election results Prime Minister Narendra Modi was present in the meeting that was chaired by party president Amit Shah."The size of Mahagathbandhan was arithmetically more than us," Jaitley said.When asked if certain remarks made by party leaders during campaigning was responsible for party's poor showing, Jaitley said "such statements are made during campaigning. Elections are not decided on the basis of such statements."The finance minister rejected suggestion that BJP lost in Bihar due to RSS chief Mohan Bhagwat's quota remarks.On accountability for defeat, Jaitley said "a party collectively wins, collectively loses."