IIT Kanpur’s MSc in statistics is very well recognized in India. The entire course is for 2 years.
Both IIT Kanpur and IIT Bombay are excellent engineering institutes and their worth and credibility cannot be compared. So ik your case, the ‘better’ institute is the one that will fetch you better opportunities and open more doors for jobs. But here are some things to consider
So, it all depends on what your job inclinations are!